GOOGL is trading at $329.14 (-3.11%) amid a sharp tech sector sell-off and "SaaSpocalypse" fears triggered by Anthropic's new legal AI tool.
- Investors are rotating out of high-growth tech stocks as AI automation concerns rise, coinciding with a 2.25% drop in the Nasdaq following weak ADP jobs data (22K vs. 45K forecast).
- Alphabet is scheduled to report Q4 earnings after market close, with Wall Street expecting $94.7B in revenue and $2.58 EPS.
- Broader market sentiment is further pressured by hawkish Fed expectations and concerns regarding AI disruption to traditional software services.