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Intel stock drops 25% after $500bn wiped off value of Google’s parent company Alphabet

Covered by 4 outlets ·First reported ·Updated
The GuardianIntel stock drops 25% after $500bn wiped off value of Google’s parent company Alphabet
Image: The Independent

Net profit slid 25% from a year earlier to $26.2bn, well short of expectations, though revenue rose to $127.6bn Shares in Google parent Alphabet fell more than 10% in after-hours trading Wednesday, erasing tens of billions of dollars in stock market value…

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