Google shares tumble 10% after $51bn AI outlay deepens cash burn
2 sources·Updated October 29, 2026
Covered by 2 sources
- Irish Independent Business·6h agoGoogle suffers record $500bn share price wipe-out over AI fears
Growing popularity of AI Mode, a new tab in Google Search, took a toll on the company’s results, chief business officer says
Read at Irish Independent Business → - Financial Times·20h agoGoogle shares tumble 10% after $51bn AI outlay deepens cash burn
Search giant admits its ‘AI mode’ has hurt traditional search as sales and profits undershoot expectations
Read at Financial Times →
