Alphabet, the parent company of Google, plummeted by around $90 billion on Monday, triggered by mounting concerns surrounding the company’s generative artificial intelligence (AI) product.
The controversy surrounding Google’s Gemini AI service has cast a shadow over Alphabet, impacting its stock performance on Wall Street.
Alphabet’s stock (GOOGL) experienced a substantial 4.5% decline, closing at $138.75 on Monday, marking its lowest price since January 5 and marking the second-largest daily loss over the past year, Forbes first reported.