Alphabet (GOOG) is trading lower, down 1.45% to $331.40, primarily driven by widespread Big Tech sector pressures and concerns over AI profitability.
- The pressure follows rival Microsoft's drop of over 10% amid concerns regarding AI spending and a slowdown in its Azure cloud business.
- The broader market is also under significant pressure, with the Nasdaq composite trading down 1.88%.
- Alphabet has reported no company-specific announcements, suggesting the movement is purely related to sector rotation and general market sentiment ahead of upcoming earnings reports.