@marketsbynoor: Everything that happened in the stock market today in under 60s Google (GOOG) stock just had its worst day ever. It fell about 13% today and wiped off roughly half a trillion dollars of market cap. This is the second largest daily drop ever in the stock market only behind Nvidia (NVDA). The reason for the crash was because they reported negative cashflow, about $9B, because of all of its AI investment. The US economy also grew by 3.4% today beating expectations but what else beat expectations you ask? Inflation, it rose to 3.6%. So rate hikes for December are pretty close to confirmed. Amazon (AMZN) stock also fell even though it grew its cloud sector by 39% again it fell because of AI spending concern. Same story over at Microsoft (MSFT). Basically anything AI fell today. I mean seriously literally anything AI even Caterpillar the company that makes diggers also fell because their diggers are used to make data centres. #google #microsoft #amazon #stockmarkets #stockmarketnews