Alphabet (GOOGL) closed down 0.84% at $330.00 on January 16, with the movement occurring in the absence of any new company-specific announcements.
- Recent momentum stems from the $4 trillion market cap milestone, the Apple Gemini deal for Siri, and the success of Gemini 3 driving cloud growth.
- Mizuho recently reiterated an Outperform rating with a $365 price target, driven by continued AI optimism.
- The stock continued to trade slightly lower after hours, settling at $329.55 (-0.14%).