Alphabet (NASDAQ: GOOGL) has been one of the strongest performers among mega-cap technology peers over the past year, climbing more than 68% heading into the Feb. 12 session. That strength has been fueled by AI leadership, consistent earnings beats, and accelerating growth across cloud and advertising.
Yet despite its fundamental dominance, the stock has slipped into negative territory year-to-date, down over 8% over the past month amid broader tech weakness. The question now facing investors is simple: Does this pullback represent early signs of fatigue, or a potential long-term buying opportunity?
