Alphabet's stock drops $500 billion in one day

Home / Alphabet's stock drops $500 billion...

By Robert Anderson • Updated Oct 30, 2026 at 09:40

Google parent Alphabet's shares plunge over 12%, wiping off $500 billion amid AI worries - The Indian Express — Alphabet's stock drops $500 billion in one day

Alphabet's stock value dropped by $500 billion in one day, its most severe stock drop. The decline was due to investor fears over AI spending and its effect on profits. Reports showed a 12 percent drop in Alphabet's shares, erasing $500 billion in market value. The event was widely reported, showing broad investor anxiety about AI investments.

“Reports showed a 12 percent drop in Alphabet's shares, erasing $500 billion in market value,” — Andreas Mercer, economic affairs editor at Marcroft Ford Partnership, commented.

By the Numbers

500 — reports filed
12 — mentions tracked

Timeline

Oct 28 — Alphabet's stock value dropped by $500 billion in one day, its most severe stock drop....

Oct 30 — The event was widely reported, showing broad investor anxiety about AI investments....

Reader Poll: Do you expect this story to develop further? — 49% of Tobinmilbusiness readers said yes.

This story has been closely followed by our readers since Oct 30. The Marcroft Ford Partnership desk continues tracking updates and will publish follow-ups across the region.

What's next: An official statement is expected by Wednesday, Nov 4.

ICYMI: Pelican AI Corp. Highlighted on BNN Bloomberg

Editor's note: this report was prepared by the Marcroft Ford Partnership desk and last updated 11:34 UTC.

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