Geopolitics Alpha

Google value plunges by $500bn as AI fears rattle Wall Street

Published . Updated .

GEOPOLITICS ALPHAGoogle value plunges by $500bn asAI fears rattle Wall StreetGOOGLGEOPOLITICS ALPHA

Google spooked investors so badly that its stock hit a six-month low, after it revealed its AI search summaries were affecting ad revenue.

Directly affected

  • GOOGL Alphabet-6.3% 30d

    Named in this report.

Indirectly affected

  • QQQ Invesco QQQ+2.3% 19d

    Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.

  • AIQ Global X Artificial Intelligence & Technology ETF-0.2% 30d

    Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.

  • MSFT Microsoft+6.8% 30d

    Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.

  • AMZN Amazon.com+1.4% 30d

    Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.

  • META Meta Platforms-10.2% 30d

    Meta Platforms (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.

  • NVDA Nvidia-1.8% 30d

    Nvidia (semiconductors and related devices): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
GOOGLNo price data for this ticker———————
QQQ-1.57%+0.81%baseafter closeafter closeafter closeafter close
AIQNo price data for this ticker———————
MSFTNo price data for this ticker———————
AMZNNo price data for this ticker———————
METANo price data for this ticker———————
NVDANo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Google spooked investors so badly that its stock hit a six-month low, after it revealed its AI search summaries were affecting ad revenue.

Source: BBC

This story

CompanyWhenMoveStatus
QQQthree days earlier+0.81%final price
QQQfive days earlier-1.57%final price

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This story

12 out of 100

“Google value plunges by $500bn as AI fears rattle Wall Street” scores 12 out of 100. The score uses 1 sources.