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Yahoo Finance

Alphabet’s October wipeout hits $758 billion, its worst month ever

AI Market Summary
Alphabet lost roughly $758 billion in market value in October, its worst month since listing, with most damage after Q3 results. The scale of the drawdown underscores elevated concentration and valuation risk in mega-cap technology and may pressure broader equity sentiment, especially growth and AI-linked names, in the near term.
Impact level
● High
Affected assets
NCSKGOOGL2USD/USDT+0.33%
AI Insight · NCSKGOOGL2USD/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Alphabet lost $468 billion in market value this week, more than SpaceX, Intel and Nvidia combined, capping its worst month ever.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
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