Google parent Alphabet’s shares plunge 12.6% as investors question returns from AI spending
Representative image. | Photo Credit: Getty Images/iStockphotos Shares of Google parent Alphabet fell 12.64% on the Nasdaq on Thursday (October 29, 2026), closing at $283.82. The decline wiped out about $482 billion in the company’s market value, marking its worst one-day fall since it began trading in 2004, according to reports. Alphabet shares remained under…