More than £400billion has been wiped off the value of Google owner Alphabet in one of the biggest stock market routs in history.
In a turbulent session in New York, shares in the US technology giant plunged nearly 14 per cent in early trading on Thursday as investors fretted over its huge spending on AI infrastructure such as data centres.
The fall slashed Alphabet’s value by around £406billion – the second biggest daily drop in market value in Wall Street history behind Nvidia’s £450billion slump in January last year.
It marked the Google owner’s worst-ever session with the value lost equivalent to the
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