Lack of AI revenue causes Google owner to lose 500 billion dollars in stock market

Alphabet, Google's parent company, has seen its market value drop by nearly $500 billion due to disappointing Q3 earnings and struggles to generate revenue from artificial intelligence. The company's stock fell over 12% after reporting earnings per share of $2.12, significantly below analysts' expectations of $3.02. Despite a brief recovery during the trading session, Alphabet remains under pressure as it invests heavily in generative AI technologies like the Gemini language model. Shareholders are calling for improved revenue from AI, which has consistently underperformed in recent quarters compared to expectations.