ARK Invest, led by Cathie Wood, sold $12.8 million worth of Alphabet shares shortly after the stock experienced its worst trading day since its 2004 IPO, losing nearly half a trillion dollars in market value. The selloff followed Alphabet's Q3 earnings miss, including weaker-than-expected search revenue and a negative free cash flow due to heavy infrastructure spending. Despite the cuts, Alphabet's AI investments and capital spending plans remain significant, with future earnings and AI monetization closely watched. ARK also trimmed positions in Eli Lilly and Amazon while buying shares in Nurix Therapeutics.
Alphabet shares are down 2.24% at USD 282.45 on Pluang as of Nov 06, 2026 08:31 WIB, with a market cap of $3.54 trillion. Eli Lilly and Amazon also show declines of 3.53% and 3.03% respectively, reflecting broader selling pressure. Pluang order activity for Alphabet leans slightly towards selling at 53%.
U.S. stocks sharply declined following the midterm elections, with the Dow down 3.44% and the Nasdaq falling 5.52%, entering correction territory. The sell-off was driven by concerns that Democrats' election victories could lead to stricter AI regula...
Global tech giants like Amazon, Google, and Microsoft are committing hundreds of billions of dollars to expand AI-focused data center accelerators, driven by surging demand from generative AI workloads that exceed traditional CPU capabilities. These ...
Alphabet's stock fell 16.61% over a month, but an investor continues buying dips, citing two winning scenarios: success in AI or owning a highly profitable company at a low price. Despite a Q3 earnings miss due to a securities loss, operating income ...
Alphabet Inc. reported a 25% year-over-year revenue growth in Q3, with cloud revenue more than doubling at 103%. Despite a slowdown in search growth, operating margins expanded, highlighting the company's strong financial health. Market concerns abou...
Despite strong Q3 earnings with many positive surprises, technology stocks have dropped sharply due to concerns over rising capital expenditures and slower revenue growth. This pullback has affected major companies like Alphabet, prompting investors ...
