{
  "id": 17131691,
  "title": "Google value plunges by $500bn as AI fears rattle Wall Street",
  "url": "https://urgent.news/2026/10/29/google-value-plunges-by-500bn-as-ai-fears-rattle-wall-street-17131691",
  "topic": "ai",
  "section": "AI",
  "published": "2026-10-29T21:52:13.000Z",
  "source": {
    "name": "BBC Business",
    "slug": "bbc-business",
    "url": "https://www.bbc.co.uk/news/articles/cm9qzdqpxy48o?at_medium=RSS&at_campaign=rss"
  },
  "original_language": "en",
  "account": "Alphabet, the parent company of Google, saw its stock value drop by nearly $500 billion in a single day due to investor concerns over the impact of artificial intelligence (AI) on the company's growth. Despite a 25% increase in total revenue to $127.6 billion, profits fell by 25%, leading to negative free cash flow of over $9 billion. This spending spree is primarily driven by Google's AI investments, specifically the AI summaries now appearing in Google Search results, which have reduced ad revenue. Microsoft and Amazon also released disappointing results this week, with both companies announcing plans to maintain large-scale AI spending. While Amazon revealed a staggering cash flow loss of $42 billion, its revenue grew by 11% to $201 billion. Microsoft, on the other hand, showed a 19% revenue increase to $92.3 billion, with a 30% growth in its cloud business. However, the company's stock did not react as positively as Alphabet's and Amazon's. Analysts suggest that the challenge lies in balancing AI investments with maintaining the strength of existing businesses, highlighting the uncertainty surrounding the future value captured by AI.",
  "summary": "Google spooked investors so badly that its stock hit a six-month low, after it revealed its AI search summaries were affecting ad revenue.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "CNBC",
        "title": "Wall Street looks past Fed pause to tech earnings and AI rebound",
        "url": "https://urgent.news/2026/10/28/wall-street-looks-past-fed-pause-to-tech-earnings-and-ai-rebound",
        "published": "2026-10-28T21:55:47.000Z"
      },
      {
        "outlet": "Semafor",
        "title": "Apollo's twin deals reveal Wall Street's AI money problem",
        "url": "https://urgent.news/2026/10/29/apollos-twin-deals-reveal-wall-streets-ai-money-problem",
        "published": "2026-10-29T12:41:49.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Wall Street slides as Alphabet revenue miss revives AI capex jitters",
        "url": "https://urgent.news/2026/10/29/wall-street-slides-as-alphabet-revenue-miss-revives-ai-capex-jitters",
        "published": "2026-10-29T18:42:26.000Z"
      },
      {
        "outlet": "Dawn Business",
        "title": "Wall Street slides as Alphabet revenue miss revives AI capex jitters",
        "url": "https://urgent.news/2026/10/29/wall-street-slides-as-alphabet-revenue-miss-revives-ai-capex-jitters-17109758",
        "published": "2026-10-29T18:46:15.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Wall Street ends lower as revenue misses revive AI jitters",
        "url": "https://urgent.news/2026/10/29/wall-street-ends-lower-as-revenue-misses-revive-ai-jitters",
        "published": "2026-10-29T21:49:33.000Z"
      },
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Google value plunges by $500bn as AI fears rattle Wall Street",
        "url": "https://urgent.news/2026/10/29/google-value-plunges-by-500bn-as-ai-fears-rattle-wall-street-17139032",
        "published": "2026-10-29T22:24:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}