GOOG is trading at $329.71 (-3.23%) in line with a broader Nasdaq sell-off as investors rotate out of tech following Anthropic's 'SaaSpocalypse' AI release.
- While there is no company-specific catalyst, Alphabet is caught in a sector-wide decline that has erased $285B in software market value.
- Additional pressure stems from weak ADP jobs data (22K vs. 45K expected) as the market awaits Alphabet's Q4 earnings report due after the close today.