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Why Alphabet (GOOGL) Shares Are Falling Today [Yahoo! Finance]
Last broadcom inc. earnings: 3/12 04:15 pm
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US:NASDAQ Investor Relations: investors.broadcom.com
a major Michigan data center, which dragged down several large-cap AI-related stocks. The news specifically impacted Oracle, Nvidia, Broadcom, and Alphabet, as reports indicated a major partner refused to back a plan to build a $10 billion data center. This development triggered a sell-off among these tech giants, weighing on the broader indexes even as many smaller companies saw gains. The move occurred amid wider concerns about the technology sector, with some economists highlighting a slowdown in hiring within the industry. On the day of the decline, the communication services and technology sectors were the market's worst performers. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy Alphabet? Access our full analysis report here Alphabet's shares are not very volatile and have only had 5 moves greater than 5% over the last year. In that context, today's move indicates the market considers
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