Alphabet's value drops $700B amid AI doubts

The stock of Alphabet, Google's parent company, has declined by approximately 15% since its peak in May, wiping out more than $700 billion in market value and emerging as the biggest drag on the S&P 500 index. Current challenges focus on delays in developing advanced AI models, particularly "Gemini 3.5 Pro," and its impact on the company's competitiveness, alongside the loss of key talent and fluctuations in its human resources, which threaten its market strategy. Despite this, Google emphasizes its rapid progress in artificial intelligence, announcing new products and improvements. However, investors are closely watching whether the company can generate returns from its significant investments in technology development, amid concerns over rising expenses and negative cash flows.

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