As of this writing, some of the biggest tech stocks are getting hammered in premarket trading, just one day after Google owner Alphabet Inc. saw its own stock price suffer the worst one-day decline in its history. Here’s what you need to know.

It’s shaping up to be nothing short of a bloodbath of a week for some stocks.

Yesterday, Alphabet Inc. (Nasdaq: GOOG), parent company of search giant and AI hyperscaler Google, saw its shares drop 12.29% in a single session after reporting its most recent quarterly results.

It was the largest single-day post-earnings share price drop in Google’s history, with more than half a trillion in value wiped out in a single session.

The main driver: a significant increase in Google’s negative cash flow amid its AI buildout. Moreover, revenue for its all-important Search division came in below expectations, fueling fears of disruption by AI chatbots.

Today, Google’s bleeding has stopped—mostly. Currently, GOOG shares are down about eight-tenths of a percent.

The hardest hit is chipmaker Intel Corporation (Nasdaq: INTC), whose shares are currently down a staggering 25% in premarket trading. Intel’s share price drop comes after it reported its Q3 2026 quarterly results yesterday.

Investors did not love the results. Specifically, as noted by CNBC, Intel issued a weaker-than-expected outlook for its current Q4, driven primarily by a slowdown in PC sales.

The average cost of a personal computer is surging, thanks to skyrocketing memory prices, and it turns out—shocker—that when PC prices go up, consumers want to buy fewer of them.

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