Google shares plunge $500bn on AI Mode search disruption

Google's parent Alphabet lost $500bn in market value after AI Mode in Search cannibalized ad revenue, signaling a structural shift in its core business. The company's chief business officer attributed the decline to the feature's popularity, raising questions about the pace of AI-driven disruption to legacy search monetization. This marks a significant repricing of Alphabet's growth outlook and may pressure tech valuations broadly.

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