BBC News · Technology
Google loses $500bn in value as shares reach six-month low
Google's market value fell by $500 billion, with its shares reaching their lowest level in six months. The decline followed the company's disclosure that its AI search summaries were affecting advertising revenue. The news unsettled investors as concerns about AI weighed on Wall Street.
Source published: Brief prepared:
What to know
- 01
Google lost $500 billion in market value as its shares hit a six-month low.
- 02
The company said its AI search summaries were affecting advertising revenue.
Why it matters
The market reaction highlights the connection between Google's AI search summaries, advertising revenue and investor confidence.
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