Google shares tumble 10%
Google 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. Financial Times 28 October 2026 https://www.ft.com/content/eb386156-5bf9-4edd-80f2-803fdee1e33d?syn-25a6b1a6=1 Alphabet’s Revenue Miss Reignites Fears Over AI Spending Reinforcing fears that Google is losing ground to AI rivals despite pouring hundreds of billions of dollars into the technology. Google's future commitments to buy resources such as computing power and energy totaled $924 billion, and upcoming obligations such as data-center leases that haven’t yet commenced hit $152 billion, bringing the company’s total future obligations to well over $1 trillion. Bloomberg 28 October 2026 https://www.bloomberg.com/news/articles/2026-10-28/alphabet-reports-disappointing-revenue-income-shares-drop