GOOGL is trading at $319.84 (-3.96%) as investors weigh Alphabet's Q4 earnings against a significant projected increase in artificial intelligence infrastructure costs.
- Alphabet forecast $175-185 billion in 2026 AI capex—nearly double 2025 levels—sparking fears that capital spending will outpace near-term profit growth.
- The decline aligns with broader tech sector weakness and a 1.26% drop in the Nasdaq, with peers like Microsoft and AMD facing similar pressure over AI investment levels.