Google Leads AI-Linked Stock Selloff With 12.8% Intraday Drop

Google shares fell 12.8% during U.S. trading, leading declines across seven AI-linked stocks in a broad pullback that also included Arm, Amazon, Broadcom, Palantir, AMD and Arista.

Arm dropped 3.8%, while Amazon fell 3.5% and Broadcom slid 3%. Palantir and AMD each lost 2.1%, and Arista declined 1.8%.

Google’s decline was the steepest among the seven stocks and stood nine percentage points above Arm’s drop. The other six losses ranged from 1.8% to 3.8%, leaving Google well apart from the rest of the group.

The declines covered a range of companies identified with the artificial intelligence trade, from Google and Amazon to Arm, Broadcom and AMD. Palantir and Arista were also lower. All seven stocks in the group were down during the session, with Google’s 12.8% fall marking the largest move in the group. The difference between Google’s decline and the smallest loss, at Arista, was 11 percentage points.