Big Tech stocks sold off sharply last week: Alphabet lost $477 billion in market value at its Friday low, its worst week ever, after a $475 billion drop in a single session following its third-quarter results. Yahoo Finance calculated that October's loss for Alphabet reached about $766 billion at Friday's low, the second-biggest monthly loss ever for a U.S.-listed company after SpaceX's roughly $822 billion drop in July. SpaceX, Intel and Nvidia each lost more than $100 billion, Intel fell as much as 30% after a weak outlook, and Amazon shed about $70 billion after its Thursday results. Eli Lilly, Tesla and SK Hynix added about $370 billion combined, while UBS's chief investment office argued against exiting the market and said investors should build portfolios with exposure beyond tech. Meta, meanwhile, reported third-quarter revenue of $64.60 billion, up 26%, with advertising at $63,061 million as ad volume rose 10% and average price per ad rose 14%.
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Related tickers and likely impact
META
▲ Likely positiveMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.6T |
| Close on 11/02/2026 | 606.73 |
| Change that session | -1.34% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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