Alphabet (GOOGL) shares are trading down 3.77% in pre-market hours, falling to $317.55, as the stock tracks a sharp broader market selloff fueled by escalating geopolitical tensions rather than company-specific news.
- The decline mirrors a sharp risk-off sentiment across the market, with S&P 500 futures down 1.85% and Nasdaq-100 futures down 2.28%.
- The market selloff is primarily attributed to Trump's tariff threats against European nations concerning Greenland, fueling investor uncertainty.
- Despite the current dip, the company recently achieved a $4T market cap milestone and secured major Gemini AI deals with Apple and Walmart.