Kurv Yield Premium Strategy Google ETF is trading 4.2% down today, influenced by a broader market rotation out of mega-cap tech, and specifically by recent concerns around its underlying asset, Alphabet (GOOGL). - Alphabet's decline by June 22, 2026, stemmed from market perception of an effective suspension of buybacks and fresh dilution. - Additionally, free cash flow compression, with full-year 2026 capex guidance of $180 to $190 billion and Q1 FCF falling 47% year-over-year to $10.1 billion, contributed to investor pullback from the tech giant.