---
title: "Alphabet's stock falls 12%+, wiping a record $500B from its market cap, after reporting negative cash flow amid its AI spending; the Nasdaq falls 1.4%+ (Stephen Morris/Financial Times)"
type: signal
url: https://frontiernewswire.com/s/alphabets-stock-falls-12-wiping-a-record-500b-from-its-market-cap-a32b77b6
published: 2026-10-29T16:25:01.000Z
byline: "Source: TECHMEME"
---

# Alphabet's stock falls 12%+, wiping a record $500B from its market cap, after reporting negative cash flow amid its AI spending; the Nasdaq falls 1.4%+ (Stephen Morris/Financial Times)

Source: TECHMEME · Published 2026-10-29 · Canonical: https://frontiernewswire.com/s/alphabets-stock-falls-12-wiping-a-record-500b-from-its-market-cap-a32b77b6

Stephen Morris / Financial Times : Alphabet's stock falls 12%+, wiping a record $500B from its market cap, after reporting negative cash flow amid its AI spending; the Nasdaq falls 1.4%+ — Google owner admits ‘AI mode’ has hurt traditional search as sales and profits undershoot expectations

## Sources

- [Read the original at TECHMEME](https://www.techmeme.com/261029/p38#a261029p38)

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