What Google and Reddit's bad days have in common
Alphabet's stock fell 12.6%, erasing $500 billion in market value, as investors worried about the $205 billion planned for capital expenses this year. This occurred even as the new Gemini 4 Carbon model topped the Artificial Analysis Intelligence Index.
Key points
- Alphabet stock fell 12.6%, losing $500 billion in value
- Gemini 4 Carbon model topped the Intelligence Index
- Investors are concerned about $205 billion in AI infrastructure spending
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