Alphabet Down 15% Ahead of Q2 Earnings; Capex Guidance in Focus
GOOG sits 90% above its 52-week low of $181.5.
Summary
Alphabet shares have fallen 15% from their record above $400, setting up a high-stakes Q2 report on Wednesday. Wall Street expects $2.87 EPS on $117B in revenue, but the real focus is capex — analysts see a potential hike to ~$200B for 2026 as AI spending accelerates. Q1's record $62.6B net income was inflated by unrealized gains on its Anthropic stake, which surged in value after a funding round. The earnings call will clarify whether the pullback is a buying opportunity or a warning sign.
At the time of this announcement, GOOG was trading at $345.75 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.2T. The 52-week trading range was $181.50 to $404.47. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.