Stephen Morris / Financial Times:

Alphabet's stock falls 12%+, wiping a record $500B from its market cap, after reporting negative cash flow amid its AI spending; the Nasdaq falls 1.4%+  —  Google owner admits ‘AI mode’ has hurt traditional search as sales and profits undershoot expectations

Stephen Morris / Financial Times:

Alphabet's stock falls 12%+, wiping a record $500B from its market cap, after reporting negative cash flow amid its AI spending; the Nasdaq falls 1.4%+  —  Google owner admits ‘AI mode’ has hurt traditional search as sales and profits undershoot expectations

Source: TechMeme
Source Link: https://www.techmeme.com/261029/p38#a261029p38