Alphabet (NASDAQ: GOOGL) has had a strong 2026 by almost any measure. The stock entered June up over 20% year-to-date. Google Cloud delivered its strongest quarterly result in company history in Q1, and a series of major product announcements at Google I/O reinforced the company's position as one of the most formidable players in the AI race.
But Monday brought a different kind of headline. After the market close, Alphabet announced plans to raise $80 billion through stock sales, sending shares sharply lower. For investors watching the chart, the stock has now broken below a key short-term support level.
