Alphabet (GOOGL) is on track for its worst day ever, falling about 13% on Thursday after its third-quarter results and wiping out nearly $500 billion in market value. That is the second-biggest one-day loss for a US-listed company, behind Nvidia's roughly $593 billion loss on Jan. 27, 2025, while Alphabet's previous worst day was about $275 billion on July 23. Google Cloud revenue more than doubled to about $31 billion and the Gemini app passed 1 billion users, but search revenue rose 12% to about $63 billion, short of the roughly $65 billion estimate. Free cash flow swung to a loss of about $9 billion as AI spending climbed, Pivotal Research's CEO said bears argue AI is starting to hurt the search business, and CFRA's Angelo Zino said the pullback probably represents an opportunity for investors.
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GOOGLearningsartificial intelligencecloud computing
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Related tickers and likely impact
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/28/2026 | 325.61 |
| Change that session | +1.57% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/28/2026 | 725.59 |
| Change that session | +0.60% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/28/2026 | 772.35 |
| Change that session | +0.35% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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