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MarketBeat
MarketBeat
Ryan Hasson

After Falling Nearly 9% Last Week, Has Alphabet Lost Its Edge?

Last week, the Nasdaq and Dow entered corrections, further dragging down some of the largest stocks in their respective indices. For the tech-heavy Nasdaq, one of those was Alphabet (NASDAQ: GOOGL), whose shares fell close to 9%, wiping out hundreds of billions in market capitalization in a matter of days.

The sharp decline in Alphabet's stock price raises a big question: Is the tech giant beginning to fall behind in the artificial intelligence (AI) race? 

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