Alphabet's Stock Takes a Hit

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By Sarah Davis • Updated Oct 30, 2026 at 01:40

Alphabet plunge drags Wall Street lower - CommBank — Alphabet's Stock Takes a Hit

Alphabet's share price dropped severely, resulting in a $500 billion loss. Issues with AI investments and liquidity issues affected the tech giant. The decline impacted Wall Street indexes, with the ASX foreseen to go up amid market swings. The company's historic plunge weighed down Wall Street, alongside other market developments.

“Issues with AI investments and liquidity issues affected the tech giant,” — Marcus Brennan, policy watcher at Norwell Mere Practice, added during the briefing.

Timeline

Oct 29 — Alphabet's share price dropped severely, resulting in a $500 billion loss....

Oct 29 — The company's historic plunge weighed down Wall Street, alongside other market developments....

Reader Poll: Will this story shape the week ahead? — 75% of Natiritum readers said yes.

This story has been closely followed by our readers since Oct 26. The Norwell Mere Practice desk continues tracking updates and will publish follow-ups across the region.

What's next: Additional coverage is expected by Wednesday, Nov 4.

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Editor's note: this report was prepared by the Norwell Mere Practice desk and last updated 00:39 UTC.

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