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Alphabet's market value evaporates nearly $500 billion in one day

Alphabet's shares fell 13% on 29/10 after its Q3 report, wiping 482 billion USD off its market value and leaving it at 3,460 billion USD, its lowest session since the company listed in 2004. Free cash flow was negative at 9.07 billion USD, against analyst expectations, and the company kept its full-year capex guidance at 195-205 billion USD. Search advertising revenue rose 12% to 63.35 billion USD but fell short of expectations; CFO Philipp Schindler said search was partly held back by weaker monetization in AI Mode and that ads would expand in AI Overviews and AI Mode. Ben Barringer of Quilter Cheviot said the results were messy and the call poorly handled, while Scott Devitt of Rosenblatt Securities argued Google's dominant search share could still be an advantage, even as AI chatbots such as ChatGPT and Claude pressure the business.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: Giá trị Alphabet bốc hơi gần 500 tỷ USD một ngày

Read the original on VnExpress ↗

Keywords

GOOGLearningsadvertisingartificial intelligence

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Related tickers and likely impact

GOOGL

▼ Likely negative

Alphabet Inc. (Class A)

Relevance: high

MarketUS stocks
SectorCommunication Services
IndustryInteractive Media & Services
Market cap$4.0T
Close on 10/29/2026283.75
Change that session-12.66%
GOOGL price, forecasts and signals →

QQQ

▼ Likely negative

Invesco QQQ Trust

Relevance: low

MarketUS stocks
SectorETF
Close on 10/29/2026715.33
Change that session-1.42%
QQQ price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

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