Key Points Alphabet stock is around 15% under the record close it hit in May. Since 2012, the stock was up a year later after nine of 10 past drops of 15% from a record. The one exception was 2022, a year when Alphabet's earnings per share dropped 19%. 10 stocks we like better than Alphabet › Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) set a record close of $402.62 on May 13. As I write, shares sit near $344, about 15% under the high, even though the Google parent's revenue growth has sped up in each of the past two quarters. The stock first closed over 15% below its May record on June 26. Its lowest close since then, about $318 on July 23, was the day after management lifted its capital spending forecast again. Missed AI’s "Act 1"?
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