Alphabet, Google's parent company, fell nearly 13% in Thursday's US session, its steepest decline since Google listed in 2004, wiping out nearly $500 billion in market value. Its Q3 report showed negative free cash flow of $9.07 billion, far below analysts' forecast of -$2.7 billion, while search advertising grew 12% to $63.35 billion but fell short of expectations, and Alphabet kept its full-year capex plan at $195-205 billion. Chief Business Officer Philipp Schindler said the search business was partly affected by lower monetisation in AI Mode, and the company is expanding ads in AI Overviews and AI Mode. Analyst Scott Devitt of Rosenblatt Securities said Google's dominant search share could be an advantage, while the article notes Gemini has lagged rivals amid competition from ChatGPT and Claude. The Nasdaq Composite fell 1.4% to 26,184.73 points, and the PCE inflation gauge rose to 3.6% in September, overshadowing solid Q3 GDP data.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Vốn hoá Alphabet bốc hơi gần 500 tỷ USD trong một ngày
Keywords
GOOGLearningsadvertisingartificial intelligenceinflation
Open a keyword to see other news on the same topic.
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 10/29/2026 | 283.75 |
| Change that session | -12.66% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 715.33 |
| Change that session | -1.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- 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.
- Google owner Alphabet reports 25% revenue growth in Q3 2026
Alphabet, Google's parent company, reported consolidated revenue of $127.58bn for the quarter ended 30 September 2026, up 25% year-on-year and its 13th straight quarter of double-digit growth. Operating income rose 30% to $40.58bn, but net income available to common stockholders fell to $26.17bn from $34.98bn, and diluted EPS dropped to $2.12 from $2.87. Google Cloud revenue more than doubled to $30.71bn, with operating income of $11.12bn, which Alphabet attributed to enterprise AI infrastructure, enterprise AI solutions, core GCP services and TPU system sales. Google Services revenue grew 11% to $96.30bn, with Google Search & other at $63.35bn and YouTube advertising at $11.21bn. Purchases of property and equipment reached $51.36bn, and free cash flow turned negative at $9.07bn compared with positive $24.55bn a year earlier.
- Why Alphabet (GOOGL) shares are sliding today
Alphabet (NASDAQ:GOOGL) shares fell 12.1% in the morning session after third-quarter results showed slowing search advertising growth and surging AI capital expenditures. Revenue rose 25% to $127.58 billion, roughly in line with the $127.9 billion consensus, but diluted EPS of $2.12 missed the expected $3.02, partly due to an $8.7 billion loss on equity securities. Capital spending reached $51.36 billion, pushing free cash flow to negative $9.07 billion, and Google Search revenue grew 12% to $63.35 billion, below Street forecasts. CFO Anat Ashkenazi said capital spending will rise significantly next year from the current $195 billion to $205 billion guidance range, and the stock is now at $286.27, 28.9% below its 52-week high of $402.62.
- Google Erases a Record $500 Billion as AI Eats Into Sales
Alphabet's shares fell more than 13%, erasing over $500 billion in value in the company's biggest-ever market plunge, after disappointing search and advertising sales fueled investor concerns that AI threatens its core business. Commentators noted that Google's 25% top-line growth is impressive, but much of it comes from cloud, no segment matches the margins of traditional search, and search ad growth was about half of Meta's. They argued the stock could be re-rated upward again if Google releases a strong new model, as it did before. The discussion also covered a potential all-stock Marvell and Lumentum deal valued close to $100 billion, with Lumentum up 150% this year, and DoorDash's purchase of Instacart.
- Ad Empires in the AI Crosshairs: Meta’s Massive Infra Spending vs. Google’s Search Defense
Meta and Alphabet both missed EPS estimates this month, with the shortfalls driven by items outside their ad businesses: a $9.89B legal charge at Meta and an $8.70B equity securities loss at Alphabet. Meta's revenue rose 26.1% to $64.60B on a 14% rise in average price per ad, while Google Cloud revenue rose 103% to $30.71B. Meta is building Muse, a personal AI agent that its CEO acknowledged is very compute-intensive to run, and aims to raise efficiency more than 10x within a year, with 2026 capex planned at $135-145B. Alphabet held its 2026 capex outlook steady but expects a significant increase in 2027, and it is raising cash through $28.7B in notes plus at-the-market stock sales, which means dilution. The author leans toward Alphabet because its Cloud customers are paying for capacity today, while Meta's case depends on Muse becoming a commerce platform.
- Google Admits Its AI Search Makes Less Money Than Regular Search
Google said AI Mode queries are growing faster than ever, but Search revenue rose 12% year over year to $63.35 billion and was nearly flat from the prior quarter, below the $64.85 billion analysts expected. Chief Business Officer Philipp Schindler said AI Mode currently monetizes at a lower rate than traditional search, while foreign exchange was the largest drag on Search growth. Google is expanding ads in AI Mode to international markets, though many AI Mode queries are early-stage research that may lead to fewer direct sales. Alphabet reported GAAP EPS of $2.12 versus $3.01 expected, and free cash flow of negative $9.065 billion after $51.355 billion in capital spending. The article says the fourth-quarter report is the key test: if FX eases and AI Mode ads grow while Search growth stays at or below 12%, the positive outlook would likely break down.
Related markets
Latest news
- Dat Phuong Revenue Up 48% After 9 Months
Dat Phuong Group (HOSE: DPG) reported nine-month net revenue of VND 4,209 billion, up 48%, and nine-month net profit of VND 332 billion, up 15%. Profit attributable to the parent company reached VND 286 billion, up 36%. Construction remained the main growth driver, contributing VND 3,704 billion, or nearly 88% of total revenue, while real estate revenue rose 52 times and electricity sales fell 20%. Gross profit grew 14%, slower than revenue, so the gross margin fell from 15.75% to 12.16%, as construction carries a margin of 8.2%. Financial expenses rose 40% to VND 121 billion as borrowings increased. At 30 September 2026, total assets reached VND 11,108 billion, up 36%, including VND 2,470 billion in unfinished construction costs, while borrowings reached VND 5,665 billion, up 46%, and the liabilities-to-equity ratio rose to 1.94 times.
- US Economy Sets Unprecedented Record in 80 Years
US debt held by the public reached USD 32,200 billion at the end of September, equal to 100.03% of GDP in fiscal 2026, the first time the ratio has reached 100% at the end of a fiscal year since 1946. The ratio rose from 99.4% in fiscal 2025 but stayed below the 100.6% forecast by the CBO. The federal budget deficit in fiscal 2026 approached USD 2,000 billion, or 6.2% of GDP, even though the economy was not in a severe recession or crisis. The CBO projects net interest costs will rise by more than one percentage point of GDP over the next decade, and a rate 0.1 percentage points higher would add USD 379 billion in interest over 10 years. The Social Security trust fund is projected to run out of reserves in 2032, and CBO Director Phillip Swagel said deep political divisions are the biggest obstacle to agreement on raising revenue or controlling spending.
- Vingroup Posts 9-Month Profit of VND 43.7 Trillion, Up 6-Fold, Raises USD 2.3 Billion from International Sources
Vingroup (VIC) published its consolidated Q3 2026 financial statements under Vietnamese accounting standards (VAS) on 30 October 2026. Nine-month net profit reached VND 43.7 trillion, nearly 6 times the year-earlier level and 125% of its full-year 2026 profit plan. Consolidated net revenue rose 2.2 times to VND 372.5 trillion, driven by electric vehicles and real estate. Total assets at 30 September 2026 reached VND 1.6 million billion, up 44.8% from the start of the year, while cash and short-term financial investments stood at VND 106.8 trillion against borrowings of nearly VND 390 trillion. VinFast's global output reached 211,242 EVs in nine months, up 91%, and Vinhomes recorded sales of nearly VND 219.6 trillion, up 35%. Over the past 12 months, the group raised over USD 2.3 billion from international bonds, preferred shares and syndicated loans.
- Selling the map, not the chips: How Gartner is cashing in on AI
Gartner (NYSE: IT) reported an adjusted profit beat of 16.2% in its latest quarter, with adjusted EPS of $4.37 against $3.76 in consensus expectations and revenue of $1.67 billion. The article highlights its capital-light model, with a 77% research contribution margin in the Insights division, a 31% return on invested capital, and $1.3 billion in free cash flow over the past 12 months without hardware debt. Gartner says more than 80,000 business leaders and 10,000 corporate CIOs rely on its research, and contract value growth re-accelerated for a second consecutive quarter, with enterprise AI as its largest commercial catalyst. Management continues to return surplus cash to shareholders, spending $547 million on share repurchases in the second quarter alone. Over the past year, buybacks reduced total shares outstanding by about 14%, boosting per-share earnings.
- Alphabet tumbles 12% on capex: Why Oracle is bucking the tech sell-off
Alphabet (GOOG) fell 12.29% to $288.32 in trading, after quarterly revenue reached $127.58 billion but diluted EPS dropped to $2.12. Quarterly investing outflows rose to $71.35 billion against $42.29 billion in operating cash flow, and management raised full-year capex guidance to $195–205 billion. Google Cloud backlog stands at $514 billion and the Gemini app has over 950 million active users, but rising hardware depreciation, power commitments including a 3.6-gigawatt nuclear supply deal with Constellation Energy, and an antitrust monitor for its ad-tech business are pressuring margins. Oracle (ORCL) rose 10.7% to $144.54 on record quarterly revenue of $19.35 billion, up 30%, with OCI revenue up 121% to $7.4 billion. The article says Oracle delivered 850 megawatts of capacity and over 300,000 GPUs at 97.9% utilization, and closed over $30 billion in new AI contracts, but its $90–95 billion capex guidance led to negative first-quarter free cash flow of $5 billion, and credit default swap spreads briefly neared 300 basis points.
- A2Gold signs agreement to sell Bolo Gold project in Nevada
A2Gold has agreed to sell 100% of its Bolo Gold project in Nye County, Nevada, US, to Super Gold Mining. The project comprises 187 unpatented lode mining claims and the Uncle Sam claim. At closing, Super Gold will issue 3,750,000 common shares at a deemed value of C$0.40 each (C$1.5m, or $1.07m), replace about $198,500 in reclamation bonding and reimburse this year's claim maintenance fees. Further payments of up to C$2.8m ($2m) depend on future work: up to C$2.4m in cumulative resource milestone payments and C$400,000 if a qualifying Preliminary Economic Assessment (PEA) incorporates at least 200,000 gold-equivalent ounces. Super Gold must complete an initial NI 43-101 mineral resource estimate within two years and use commercially reasonable efforts to complete a Going Public Transaction within 12 months, failing which A2Gold is entitled to C$200,000 in cash. Closing is expected within the next few weeks, subject to conditions including replacement bonding and approval of the Plan of Operations transfer.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.