SPIN Unprocessed October 29, 2026 ai_technology technology
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%+ (Stephen Morris/Financial Times)
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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
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