Alphabet Stock Drops 13%, Loses $500 Billion in Historic Wipeout: How It Affects the AI Market

VentureburnOmorogie Alele · 29 October 2026 at 20:09

Alphabet, the parent company, just suffered one of the biggest wipeouts in history. Alphabet stock drops 13% after its latest earnings call, leading to a $500 billion wipeout, as retail
— Ventureburn

Read the full story on Ventureburn

This story was written and published by Ventureburn. Business.co.za shows its headline and teaser from the publisher’s RSS feed and links to the original.

What business people are saying

No comments yet. Be the first.

More in Tech & telecoms

All →

Moneyweb2 h ago

Financial planning goes beyond choosing the right products

How can you align your finances with your goals? Liberty financial advisor Maxine Muller discusses the benefits of having a financial needs analysis done, changing priorities and the role of AI in financial advice.

Tech & telecoms Read on Moneyweb ↗

Moneyweb7 h ago

Turning demand for medical technology into local production

Irshaad Kathrada, CEO of the Localisation Support Fund, explores how local medical technology production could reduce imports and create jobs.

Tech & telecoms Read on Moneyweb ↗

Moneyweb7 h ago

Digital banking: Standard Bank earns global recognition

Phelisa Madikane, head of personalisation and new solutions at Standard Bank, explains how Smart Pulse solutions enhance cybersecurity and meet everyday banking needs.

Tech & telecoms Read on Moneyweb ↗

Bizcommunity10 h ago

The AI bubble is going to burst. Here’s why that matters

Artificial intelligence has sparked predictions of sweeping productivity gains, transformed business models and widespread job losses. But the commercial excitement surrounding AI is running ahead of what the technology can reliably deliver.

Tech & telecoms Read on Bizcommunity ↗

News24 Business11 h ago

Datatec hands R8bn to shareholders as it bets on demand for AI tech

ICT group Datatec has hiked its interim dividend by more than 40% as it views a “permanent step up” in demand for both hardware and software that underpin AI capabilities.

Tech & telecoms Read on News24 Business ↗

ITWeb12 h ago

Taking patient healthcare monitoring to new heights

Paratus Zambia has deployed Starlink connectivity across 250 health facilities in Luapula, Muchinga and Northern provinces through its partnership with Right to Care Zambia.

Tech & telecoms Read on ITWeb ↗