Alphabet Shares Plunge 13% in Worst Single-Day Drop on Record
Alphabet shed roughly $500 billion in market value after reporting weaker-than-expected free cash flow while holding its spending guidance steady.
Alphabet suffered its steepest single-day stock decline on record Wednesday, with shares tumbling nearly 13% and wiping out approximately $500 billion in market capitalization, according to US Top News and Analysis.
The Google parent company reported a larger negative free cash flow than Wall Street analysts had projected, a shortfall that rattled investors already scrutinizing the company's heavy capital expenditure commitments in artificial intelligence infrastructure.
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Despite the disappointing cash-flow figure, Alphabet held its full-year spending guidance unchanged, a signal that management intends to press ahead with planned investments even as the earnings miss amplified concerns about near-term financial returns on those outlays.
The sell-off ranks as the single worst trading session in the company's history by market value lost, underscoring how sensitive mega-cap technology stocks remain to any deviation from analyst expectations — particularly when capital discipline is under the microscope across the sector.
Continue reading at US Top News and Analysis.
