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Google parent Alphabet loses $500 billion in market value as AI spending spooks investors
In a surprising turn of events on Thursday, Alphabet saw a steep decline in its stock prices due to underwhelming earnings announcements. This downturn has sparked worries about rising costs associated with artificial intelligence and their impact on profit margins. As AI tools challenge Alphabet's search advertising dominance, investors remain anxious, especially with reports of unfavorable free cash flow suggesting potential challenges for future profits.
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