Alphabet Stock Is Down 9% in a Week: Is This a Buying Opportunity or a Red Flag?

By Travis Hoium – Feb 14, 2023 at 12:16PM

NASDAQ: GOOG

Alphabet

Market Cap

$2,084B

Today's Change

(1.75%) $2.89

Current Price

$168.46

Price as of May 2, 2024, 4:00 p.m. ET

Artificial intelligence has helped open a buying opportunity in Alphabet stock.

Shares of Alphabet (GOOG 1.75%) (GOOGL 1.68%) have dropped 9% over the past week because investors are worried that the company will lose some of its dominant position in search to Microsoft's (MSFT 0.73%) artificial intelligence-powered, or AI-powered, Bing. But this may be an overreaction to a new competitor, opening a buying opportunity that Travis Hoium digs into in the video below.

*Stock prices used were end-of-day prices of Feb. 8, 2023. The video was published on Feb. 14, 2023.

Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet and Microsoft. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.