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Alphabet shares fall 12% after Google says AI Mode searches earn less
Alphabet shares dropped 12%, resulting in a record $511 billion loss in market value after reports that AI Mode searches generate less revenue.
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Enterprise
ServiceNow shares fall a record 25% after its bookings outlook misses
ServiceNow shares experienced a record 25% intraday drop following a disappointing bookings outlook.
Enterprise
F5 stock suffers worst day in more than a decade as AI spending shakes investors
F5's stock dropped approximately 20% after the Seattle company guided lower growth and announced increased spending on AI security, despite beating earnings estimates.
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Memory and storage stocks keep sliding despite blowout earnings
Memory and storage chip makers Sandisk, Micron, Seagate and Western Digital have fallen to the S&P 500's bottom 10% since July despite strong earnings, as investors worry about sustainability of AI-driven spending.
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Chinese markets lose trillions as race for AI supremacy with US takes its toll
Chinese tech stocks have fallen sharply amid concerns about Beijing's AI competitiveness with the US and profitability challenges facing AI-heavy firms.