
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?