Alphabet Shares Tumble as Firm Loses Key AI Staff
Alphabet experienced its steepest market setback since 2025 on June 22 as investor concerns surrounding artificial intelligence intensified following the resignation of two key researchers and growing questions about the company’s AI strategy. The company saw its shares fall roughly 5% by the close of trading, performing worse than both the broader Nasdaq index and other major technology firms. The drop marked Alphabet’s steepest single-day drop since May last year when the stock lost approximately 7%. Pressure on the company has been building since mid-June when Noam Shazeer, a key figure behind Google’s Gemini artificial intelligence efforts, revealed he would be leaving for OpenAI. Shazeer served as VP of engineering…