Shares of Google parent Alphabet (GOOGL) retreated again on Thursday, continuing a June swoon. While Google stock has gained 9% in 2026, shares have pulled back since mid-May amid investor worries over 2027 earnings estimates and a surge in capital spending, **** yst Ed Yardeni says in a report.
Google stock climbed after the company reported Q1 financial results on April 29, with strong revenue growth in cloud computing and internet search ads. That helped investors look beyond huge artificial intelligence data-center investments and focus on its "full stack" AI platform.
However, shares have pulled back since Google hit an intraday high of 408.61 on May 18. On the stock market today, Google stock fell more than 1% to 341.12. With the decline, Google stock fell further below its 50-day moving average, a key technical level.
In a report on Thursday, economist Ed Yardeni noted a "string of negative headlines that have weighed" on Google stock in recent weeks. "Investors haven't been happy about Alphabet's surprising plans to sell $80 billion of stock and convertible preferred, the company's boost to its already massive capital spending target for next year, the departure of a key executive in its artificial intelligence operation, and Waymo's recall of 3,900 self-driving cars."
Google's Q1 earnings popped 82% to $5.11 per share for the quarter ending March 31, including a $2.35 per share boost from equity investments. Alphabet owns a roughly 6% stake in Elon Musk's **** eX, which launched an initial public offering in early June, as well as shares in Anthropic and software maker Databricks.
Google stock climbed after the company reported Q1 financial results on April 29, with strong revenue growth in cloud computing and internet search ads. That helped investors look beyond huge artificial intelligence data-center investments and focus on its "full stack" AI platform.
However, shares have pulled back since Google hit an intraday high of 408.61 on May 18. On the stock market today, Google stock fell more than 1% to 341.12. With the decline, Google stock fell further below its 50-day moving average, a key technical level.
In a report on Thursday, economist Ed Yardeni noted a "string of negative headlines that have weighed" on Google stock in recent weeks. "Investors haven't been happy about Alphabet's surprising plans to sell $80 billion of stock and convertible preferred, the company's boost to its already massive capital spending target for next year, the departure of a key executive in its artificial intelligence operation, and Waymo's recall of 3,900 self-driving cars."
Google's Q1 earnings popped 82% to $5.11 per share for the quarter ending March 31, including a $2.35 per share boost from equity investments. Alphabet owns a roughly 6% stake in Elon Musk's **** eX, which launched an initial public offering in early June, as well as shares in Anthropic and software maker Databricks.
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