GoKawiilAlphabet Stock Drops Toward Record $500 Billion One-Day Loss
Alphabet shares fell sharply after Q3 earnings showed its AI Mode search feature generates less revenue than traditional search, even though overall search revenue rose 12% year-over-year to $63.25 billion. At its lowest point, Alphabet lost roughly $524 billion in market value, the second-largest single-day loss for a US-listed company ever, behind only Nvidia's drop in January 2025. Bespoke Investment Group noted it marks Alphabet's steepest post-earnings decline since going public in 2004.