GOOGLAlphabet Inc. (Class A)
388.64
-3.03%
Past
What happened
Alphabet dropped 3.0% to $388.64, the sharpest one-day decline since April, despite positive coverage of Anthropic's growth benefiting Google Cloud.
Why
Why it matters
The sell-off looks like profit-taking after a 30%+ YTD run rather than fundamental deterioration — but South Korea's proposed excess AI profit tax is creating a new regulatory overhang for the sector.
Watch
What to watch
The $385 level is the 50-day moving average — a hold there confirms the dip is buyable; a break below signals a deeper correction to $370.
HEADLINES