Alphabet (GOOG) (GOOGL) stock has underperformed the broader equity market so far in 2026. Shares of the Google parent have gained about 10% year-to-date (YTD), compared with a 13% increase in the S&P 500 ($SPX).
While Alphabet stock has underperformed the broader market, the tech giant’s growth outlook remains solid. The tech giant is well positioned for strong growth, supported by diversified revenue streams and expanding exposure to several high-growth markets.