Google's Parent Company Has Its Worst Stock Market Day Ever
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Alphabet is the company that owns Google. On one day, Alphabet's shares fell a lot. It was the worst day ever for the stock.
The company lost half a trillion dollars in value. That is a very big number. Half a trillion dollars is 500,000 million dollars.
Other big technology companies also had problems. Amazon and Intel gave new results about their business. These results worried people.
Many investors are scared about money spent on AI. AI means artificial intelligence. Companies spend huge amounts of money on AI.
People worry this spending is too much. They are not sure it will make money back. This fear made stock prices fall.
Nasdaq is a stock market with many tech companies. Futures for Nasdaq also fell. Futures show what investors expect will happen next.
This news shows many people are worried about AI and money in technology.
Vocabulary15 words
- Alphabet
- the company that owns Google
- shares
- small parts of a company that people can buy
- value
- how much something is worth in money
- results
- information about how well a business is doing
- AI
- computer systems that can think and learn like humans
- Nasdaq
- a market where people buy and sell technology company shares
- futures
- deals about buying or selling something in the future
- investors
- people who put money into companies to make more money
- stock
- shares of a company
- market
- a place where people buy and sell things, like shares
- spending
- money that is used or paid
- technology
- computers, phones, and other modern machines
- business
- work done by a company to make money
- worried
- feeling nervous about something bad happening
- trillion
- a very big number: one million million
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Quiz
Answer key
1. They had their worst day ever 2. Half a trillion dollars 3. Spending on AI
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
_____ is the company that owns Google. On one day, Alphabet's shares fell a lot. It was the worst day ever for the _____.
The company lost half a _____ dollars in value. That is a very big number.
Other big technology companies also had problems. Amazon and Intel gave new _____ about their business.
Many investors are _____ about money spent on AI.
People worry this spending is too much. This fear made stock _____ fall.
Nasdaq _____ for Nasdaq also fell. Futures show what investors expect will happen next.
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