Alphabet Stock Has Its Worst Day on Record
Alphabet shares closed down about 12.6% on Thursday, at $283.82, their worst one-day drop since Google went public in 2004, after the Google parent’s third-quarter results showed disappointing search advertising and a surge in cash burn from AI spending. The drop wiped out roughly $500 billion in market value, CNBC reported, and helped drag the Nasdaq lower.
What’s confirmed
- Alphabet shares closed down about 12.6% on Thursday, at $283.82, their worst one-day drop since Google went public in 2004, after the Google parent’s third-quarter results showed disappointing search advertising and a surge in cash burn from AI spending.
- The drop wiped out roughly $500 billion in market value, CNBC reported, and helped drag the Nasdaq lower.
Confirmed by 3 independent outlets: Reuters, AP and CNBC.
What would move the score
- Now: 94% with 3 independent confirmations plus the primary source.
- Up: more independent outlets or primary records confirming the core claim.
- Down: a counted source correcting or walking back its report, or new evidence that weakens the claim.
Any change is logged below with the time and the old and new score. Corrections policy
Confirmation record
Plus the primary source: Alphabet’s Q3 results.| ✓ | Reuters Counted https://ca.investing.com/news/economy-news/nasdaq-falls-as-alphabet-set-for-record-loss-amid-ai-spending-woes-4915091 |
| ✓ | AP Counted https://apnews.com/article/stocks-markets-ai-oil-fed-1b5c71d31b4ce1e46b0db47b33141f6b |
| ✓ | CNBC Counted https://www.cnbc.com/2026/10/29/alphabet-google-microsoft-msft-shares-today-earnings.html |
| · | Primary source Plus the primary source: Alphabet’s Q3 results. https://abc.xyz/investor/ |
Updated / Corrected log
- Updated before publication: intraday figures were replaced with closing figures (down about 12.6%, roughly $500 billion in market value).
- Published at 94% with 3 independent confirmations.
Any correction is logged here with its time and the reason. See our corrections policy.
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