Alphabet Sheds Record $477 Billion in Market Value in a Single Day

Market capitalization of US tech conglomerate Alphabet, the parent company of Google, contracted by $477 billion in a single trading session. According to market data, the steep decline marks the largest single-day loss in market value in the corporation's history.

On the Nasdaq exchange, Alphabet’s market capitalization dropped to $3.459 trillion, down from $3.936 trillion recorded the previous day. Shares tumbled 12.07% to close at $283.04 per share. The broad selloff gathered momentum following the release of the group's third-quarter 2026 earnings report, which had triggered a pre-market drop exceeding 10%.

N. Tebrizli