Alphabet's stock plummets, losing $482 billion in market value

• Alphabet's stock had its worst day on record, losing $482 billion in market value.
• The decline in stock value led to a surge in bond prices as investors reacted to AI spending concerns.
• The event caused a shift in investor strategies, emphasizing the importance of cash reserves.
• The market reaction highlights the volatility associated with major tech companies' spending on AI.
• Alphabet's market value drop is the largest in its history.