GOOGL stock – GOOGL is down 11.2% in June and is headed for its worst month since February 2025, as investors rotate away from Big Tech toward semiconductors. At the same time, analysts still show a path higher, even as capital-spending concerns and retail sentiment cool.
By Monday morning, sentiment around Alphabet wasn’t roaring—it was shrugging.
Stocktwits sentiment for GOOGL dipped to “neutral” on Monday. The shift came as investors continued to sell Big Tech stocks in June, choosing semiconductors instead. Alphabet shares rose 1% in the premarket session on Monday. but the month has already turned into a drag: GOOGL is down 11.2% so far in June and is heading for its worst monthly performance since February 2025.
That drop matters not just because it’s large, but because it’s been sharper than the broader technology tape. While GOOGL sits roughly in the middle of the Magnificent Seven in terms of June performance, its decline still outpaced the broader technology sector.
The rotation away from Big Tech has also shown up in the rest of the market’s popular benchmarks. The tech-heavy Invesco QQQ Trust Series 1 (QQQ) declined 4.2% in June. Microsoft is on track to post the worst Magnificent Seven performance in the first half of the year. with a 17% drop. Still, GOOGL’s June performance has stood out.
Alphabet’s story has been tied to AI momentum—then the momentum cooled. Alphabet was the top-performing Magnificent Seven stock last year, powered by its Gemini 3 AI model, which launched in November. But the stock didn’t carry that momentum into 2026.
Investors also stayed uneasy about spending plans. Besides investor money moving into semiconductors, concerns over high capital expenditure by Alphabet and its Big Tech peers have persisted. Alphabet raised its annual capital spending forecast by $5 billion to between $180 billion and $190 billion in April. mainly meant for AI development. cloud capacity expansion and chip development.
And the financing details have added another layer of pressure. Earlier this month, the company announced it would raise $80 billion by issuing new shares. It also said that Berkshire Hathaway had committed to buy a $10 billion lot.
Even with those concerns hanging over the stock. analysts still see upside—though not enough to keep June from turning negative. Currently, 57 out of 64 analysts rate GOOGL “Buy” or higher, and seven rate it “Hold,” per Koyfin. Their average price target of $337.37 implies an upside of 28% from the stock’s closing price on Friday.
The outlook gets more mixed when you look across the group. Analysts forecast higher upside on Google’s cloud rivals Amazon and Microsoft, as well as for Nvidia and Meta Platforms. In terms of forward price to earnings, Microsoft, Meta and even Nvidia trade cheaper than Google.
Big numbers are part of the debate, too. In a table cited from Koyfin. Alphabet’s forward 12-month P/E is listed at 26.9. with an analysts’ upside projection of 28%. For comparison: Amazon is listed at a forward 12-month P/E of 27.9 with 35% upside; Meta at 16.8 with 34%; Nvidia at 19.4 with 56%; Apple at 31.2 with 11%; Tesla at 176 with 11%; and Microsoft at 20.1 with 50.40%.
Retail traders have been making the same basic point—price versus growth. On Stocktwits, the retail sentiment for GOOGL shifted to “neutral” from “bullish” on Monday morning. Over the last 90 days, the message volume for GOOGL declined 64%, signaling waning interest among retail traders.
One trader wrote: “$GOOGL I want to buy but i can’t at these high premium levels. It was 19 P/E just a year ago, and now I have to pay 26 P/E. It just doesn’t make sense.”
Another said: “If it goes below $300 it may be worth it to start buying and averaging down. The company is too big, and growth is very slow. One of the best companies in the world, just not worth the current value and growth.”
That tension—between Wall Street’s upside math and the market’s current rotation away from Big Tech—has defined GOOGL’s June. The sequence is plain in the numbers already on the page: a 4.2% drop in the tech-heavy Invesco QQQ Trust Series 1 (QQQ) in June. semiconductors pulling attention. GOOGL down 11.2% so far in the month. and retail interest cooling with a 64% decline in message volume over 90 days.
For now, the stock’s path looks set to be measured less by last year’s AI-driven strength and more by how investors weigh spending, financing, and valuation—especially as June keeps slipping toward its worst monthly finish since February 2025.
(For updates and corrections, email newsroom[at]stocktwits[dot]com. This article was originally published on StockTwits.)
GOOGL Alphabet June stock performance semiconductors rotation Invesco QQQ Trust Series 1 capital expenditure Gemini 3 Berkshire Hathaway investment forward P/E Stocktwits sentiment
So they’re selling GOOGL to buy chips?? makes no sense to me.
I swear the AI hype was the whole thing, then suddenly everyone’s bored? If Gemini 3 launched last year why is Alphabet “cooling” now. Sounds like bad timing or maybe people just got tired of ads.
Wait, is this saying Microsoft is down 17% and that’s why GOOGL is down 11%? Like it’s all the same thing just different ticker names. Also “neutral” on Stocktwits sounds fake, but anyway I’d expect a bounce after a dip.
Capital spending forecast up by $5 billion?? That’s what I don’t get. Isn’t spending supposed to make stock go up? But then they say investors rotated away from Big Tech to semis, so now GOOGL is the one getting punished even though it’s supposed to be AI. Maybe they’ll recover when the next model launches, or maybe not. Either way this feels like the market got confused again.