Alphabet shares fall over 12% after weak results
Shares of Google's parent company Alphabet closed more than 12% lower after disappointing quarterly results, with worries over AI spending adding to investor concern.
Alphabet, the parent company of Google, saw its shares end the trading session down more than 12%. The sharp fall followed results that disappointed the market.
Investor worries about the level of spending on artificial intelligence also weighed on the stock, according to the market reaction described in the reports on the day.