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Rewritten: 'We feel very good about our trajectory here' says Google as its stock tanks by $500 billion

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Facebook X Reddit Flipboard Email 0 us Even during good financial year, tech investor is never satisfied. Case point, while Google grew by 12% and made $63.3 this past quarter, company Alphabet's share took pretty spectacular Despite making an of money the thought of which sucks the right out of my Search's revenue this quarter actually below Wall expectations. As result, Alphabet's are down 13% and has been wiped its market value The Financial Times). The share is continuing to and, according to CNBC, could be the worst call decline ever. This $1 trillion worth of the AI party balloon this month, due to anxious widely selling off So, how did get its ABC's so Long story short, own AI features may be into its revenue. Latest FromPC Gamer Watch video here: This is despite apparently the fastest query growth half decade. During Alphabet's most earnings call, senior president and chief business Philipp Schindler asked to this 'disconnect'. "It's worth noting the strong growth AI Mode queries an impact because of the lower we were AI Mode," Schindler "To be clear, we feel good about our trajectory Our ad experiments have promising results, and we're scaling ads within AI Overviews and AI Mode to more users and more including, as I mentioned, markets and multiturn ads the US." credit: 400tmax via Images) other words, AI Mode is Search's lunch but Google is hoping to up its kitchen production to keep of its babies fed. something like that—the got away me the there. Anyway, these financial only serve to add to the fire of investor fear Google is getting by the likes of ChatGPT. I mean, and contrast the of ads you see the first page of Google against you typically see an LLM chatbot. As Google it, more ads are likely coming to AI Overviews and AI Mode the future to remedy its 'disconnect.' The gaming news, reviews and deals Keep up to date with the most stories and the best deals, as by the PC Gamer team. top of are as financial Google is also knee deep cash flow. Initial suggested this wouldn't venture into the beyond $3.5 billion, but Google actually at minus $9.1 at the of September. This is apparently only the second quarter which Google has reported cash since went public 2004. Having spent AI the last quarter alone, such is perhaps unsurprising. The company intends to even more the future, having apparently committed itself to centre and related purchases of $1 trillion—despite growing increasingly anxious about return AI investment will fully materialise. Best gaming rigs 1. Best gaming laptop: Razer 16 2. Best gaming PC: Omen 35L 3. Best gaming PC: Asus ROG Xbox X 4. Best mini PC: Minisforum G7 PT 5. Best headset: Meta Quest 👉Check out our list of guides👈 Jess Kinghorn Writer Jess has been about games for over years, spending significant of time working print PLAY and Official PlayStation When she’s not all things here, either constructing passionate of 7/10 game, daydreaming about debut novel, feeling about the last time she chased some around field with an oversized sword.

Readers following the wider topic will recognise several familiar threads here, and further updates are expected as more becomes known. Nothing above should be read as speculation beyond what the reporting itself supports.