Alphabet Plunges $692 Billion as Investor Confidence in AI Wavers

Shares of Alphabet Inc. dropped significantly, wiping out nearly $700 billion in market value, as investors question the near-term profitability of massive AI investments.

27 Aug, 12:31 — 27 Aug, 12:31

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bloombergHigh5d ago

Alphabet Loses $692 Billion in Market Value as AI Questions Rise

For much of the last year, Alphabet Inc. has been the Big Tech stock to beat as investors bet that it was the most-likely winner from the artificial intelligence boom.

By Carmen Reinicke

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Alphabet Plunges $692 Billion as Investor Confidence in AI Wavers

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Alphabet Loses $692 Billion in Market Value as AI Questions Rise

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