Alphabet Stock Plunges 6% as Cloud Revenue and AI Costs Worry Investors
Google parent company Alphabet saw its shares tumble after disappointing quarterly results, particularly in its cloud division, amid increased AI investments. The revenue miss and growing expenses raised concerns about the company's competitive position against rivals Microsoft and Amazon.
US Stock Market Value Hits Historic 200% of GDP, Signaling Tech Dominance
The US stock market's total value has surpassed 200% of GDP for the first time, reaching $60 trillion versus $29.354 trillion in GDP. This milestone highlights American tech giants' global dominance, with just three companies - Nvidia, Apple, and Microsoft - exceeding $10 trillion in combined market value.
Perion Network Stock Plunges 40% After Microsoft Bing Changes Impact Revenue Outlook
Digital advertising firm Perion Network faces major setback as Microsoft Bing's search marketplace modifications lead to dramatic revenue guidance cut. Despite maintaining strong partnerships and diversifying revenue streams, the company's stock suffered its worst single-day decline while analysts remain optimistic about recovery.