With a market cap of $1.9 trillion, Alphabet Inc. (GOOGL) is a global technology conglomerate operating through Google Services, Google Cloud, and Other Bets segments across regions including the U.S., Europe, Asia-Pacific, and more. Evolving from a search engine leader with over 94% market share, Alphabet now spans cloud computing, video and music streaming, autonomous vehicles via Waymo, and healthcare innovations through Verily.
Shares of the Mountain View, California-based company have underperformed the broader market over the past 52 weeks. GOOGL has declined 2.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 10.6%. In addition, shares of Alphabet are down 16.1% on a YTD basis, compared to SPX’s 5.3% drop.
