Google plunges 13%, wiping out $480B in a day — more than the entire US market lost
CurieuxExplorer · x · 2026-10-29
Alphabet (GOOGL) fell 13% in a single day, erasing roughly $480 billion in market cap — over 3.5x its $127.6B revenue last quarter. The post highlights a striking quirk: the entire US stock market lost only $320 billion that day, meaning Google alone accounted for $430B of losses, about 134% of the market's total decline (i.e., everything else was net positive).
The accompanying heatmap shows broad tech weakness: CAT -8.44%, Micron -4.02%, Intel -4.04%, Amazon -3.78%, AMD -2.95%, Broadcom -3.55%, Oracle -3.28%, while Nvidia slipped just 1.39%.
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