Why Alphabet (GOOGL) Stock Is Down Today What Happened? Shares of online advertising giant Alphabet (NASDAQ:GOOGL) fell 3.4% in the afternoon session after sentiment weakened ahead of rival Meta Platforms Connect conference, amid growing competitive pressure as peers Anthropic and OpenAI released cheaper frontier models. The pullback follows early adoption of Meta's Muse AI assistant, which surpassed 2.8 million downloads in its first 12 days, according to Apptopia data reported by Reuters.
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