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Intel shares crash 28% and Alphabet falls again as AI spending worries grow

Jacek Halicki via Wikimedia Commons (CC-BY-SA-4.0)

Intel's market capitalization dropped by over $130 billion on Friday, marking the most significant decline in a week characterized by investor concern regarding AI expenses. Alphabet, Google's owner, had already lost over $500bn on Thursday after saying its AI search summaries were hurting its search advertising revenue. In 2026, tech giants Meta, Alphabet, Oracle, Amazon, and Microsoft have pledged a combined $800 billion toward artificial intelligence investments.

By BriefTea Editorial · 31 October 2026 at 5:58

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