Alphabet shares dropped 12.64% on Thursday, marking a record fall for the Google parent company and erasing about $482 billion in market value.
The decline came after the company’s quarterly earnings raised investor concerns about whether its massive investments in artificial intelligence will deliver returns.
In Friday pre-market trading, Alphabet shares fell another 0.42%, indicating continued pressure on the stock as markets assessed the outlook for its AI strategy.
Source / Attribution: The Hindu
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