Market2026-10-28
Alphabet shares fell over 13%. The drop erased more than $500 billion in market value. It followed disappointing Q3 search and ad sales. Revenue missed analyst forecasts. Ad growth hit its slowest pace in five quarters. The results reinforced investor concerns about AI’s threat to core business. Ad sales finance Alphabet’s AI investments.
- $500B market cap erased
- $111.2B Q3 sales
- 13% share drop
- slowest ad growth in 5 quarters
Sources