Alphabet stock declines 2% as Wall Street flags near-term risks

Alphabet stock (NASDAQ: GOOGL) slipped about 2% in pre-market trading on Tuesday, a pullback that says more about near-term nerves than any sudden break in Google’s core business. Investors have been re-pricing big-cap AI winners on some simple questions like how quickly does heavy spending translate into visible cash returns. For Alphabet, that debate has sharpened after management sketched out a far bigger 2026 capital spending plan, prompting some Wall Street voices to argue the risk-reward looks less compelling in the short run. Alphabet stock: Near-term concerns weigh Alphabet was down roughly 2.5% at one point on Friday, trading around $323 after closing at $331.33 the prior session, with volume running well above average. MarketBeat linked the sell-off primarily to…