Alphabet shares plunge 10% in premarket trading
Shares of Google's parent company, Alphabet, fell 10% in premarket trading following the release of its financial results. The decline marked one of the company's sharpest post-earnings stock moves.
The selloff could reflect investor concerns about the reported financial results and the company's outlook. A sharp decline in Alphabet shares may also weigh on the Nasdaq index and other major technology stocks, particularly those exposed to artificial intelligence investment trends.
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