# Alphabet shares plunge in $500bn rout

https://mins.news/en/item/121537

- Financial Times, 2026-10-29 21:53 UTC
- Economy
- Original: https://www.ft.com/content/eb386156-5bf9-4edd-80f2-803fdee1e33d?syn-25a6b1a6=1

> Google owner Alphabet acknowledged that its “AI mode” has hurt traditional search, while sales and profits fell short of expectations.

## Related coverage

- [Google loses $500bn in value as AI fears shake Wall Street](https://mins.news/en/item/121911) — BBC News, 2026-10-29
- [Alphabet earnings miss offers first real sign AI is eating into search](https://mins.news/en/item/120663) — CNBC, 2026-10-29
- [Google rattled as earnings miss sends Alphabet shares tumbling](https://mins.news/en/video/120528) — Reuters, 2026-10-29
