US stocks fall as Alphabet plunges 10% on weak earnings, reviving AI spending concerns

Alphabet shares fell 10%, setting the stock up for its biggest-ever market value wipeout, after the company reported disappointing search and advertising sales that reinforced worries about AI’s threat to its core business.

Oct 29, 2026 - 17:00
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US stocks fall as Alphabet plunges 10% on weak earnings, reviving AI spending concerns
Alphabet shares fell 10%, setting the stock up for its biggest-ever market value wipeout, after the company reported disappointing search and advertising sales that reinforced worries about AI’s threat to its core business.

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