The A.I. Daily
Alphabet loses $500B in market value, AI opportunity hidden
Alphabet shares plunged about 13% after Q3 earnings, wiping out $500 billion in market value. Revenue grew 25% to $127.6 billion but missed estimates, and Search growth slowed to 12%. The author argues Wall Street overlooks Alphabet's vertically integrated AI ecosystem, including custom AI chips, cloud, and DeepMind.