Google Erases a Record $500 Billion as AI Eats Into Sales

Alphabet Inc.'s shares fell more than 13%, erasing more than $500 billion in its biggest-ever market plunge, after the company reported disappointing search and advertising sales that reinforced investor concerns about AI's threat to its core business. Bloomberg's Mandeep Singh joins to discuss this as well as the possible Marvell and Lumentum Holdings deal as well as DoorDash buying Instacart. Video Transcript 00:00 Speaker A Look, this company grew 25% top line. Yep. When you are, you know, over $400 billion, 25% growth is mighty impressive. The problem is a lot of that growth is in the cloud segment, and nothing can match the margins of the traditional search business.