# Alphabet loses $500B in market value after negative cash flow

_Published Thursday, October 29, 2026 at 3:05 PM EDT · AI, Products · Latest · Tier 1 — Major_

Alphabet shares fell more than 12%, wiping a record $500B from its market value after it reported negative cash flow amid AI spending, the Financial Times reported. Sales and profits missed expectations, and Google acknowledged that AI mode had hurt traditional search. The Nasdaq fell more than 1.4%.

## Sources

- [Techmeme](https://www.techmeme.com/261029/p38#a261029p38)

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Canonical: https://techandbusiness.org/newswire/9pElKqGKNIXpeWW46rV3WD
Published: 2026-10-29T19:05:32.352Z
Story chronology: 2026-10-29T16:25:01.000Z
Retrieved: 2026-10-29T22:42:11.717Z
Publisher: Tech & Business (techandbusiness.org)