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Alphabet's stock hits longest losing streak since 2015 after missing Gemini AI flagship launch in June

Market News
03 Sep 2026
24/7 Wall Street
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Bearish
Alphabet's stock hits longest losing streak since 2015 after missing Gemini AI flagship launch in June

Alphabet CEO Sundar Pichai promised the Gemini 3.5 Pro AI flagship model by June 2026, but it has been delayed past September. Instead, Alphabet released the Gemini 3.8 Flash, a lower-cost coding model, disappointing investors and triggering the company's longest stock losing streak since 2015. Despite strong financials with revenue growth and cloud expansion, the delay raises concerns about Alphabet's AI development pace. The stock's future depends on upcoming releases and whether heavy investments translate into sustainable growth.

More News (GOOG)

Model sees Alphabet stock rising above $500 as cloud backlog hits $514B, despite current price lagging peers.

Model sees Alphabet stock rising above $500 as cloud backlog hits $514B, despite current price lagging peers.

Alphabet's stock trades at $340.35, about 15% below its 52-week high, while its cloud backlog has surged to $514 billion, signaling strong future revenue. The company's Q2 revenue rose 24.2%, with Google Cloud growing 82%, yet Alphabet trades at a lo...

Analyst Insights
Bullish
7 hours ago
Alphabet seen as strong growth pick with new AI model and solid earnings outlook

Alphabet seen as strong growth pick with new AI model and solid earnings outlook

Alphabet is highlighted as a strong growth-at-a-reasonable-price (GARP) investment, driven by its new Gemini 4 AI model which is expected to unlock new revenue streams. The company maintains a high return on capital employed (64.7% TTM) and is projec...

Analyst Insights
Bullish
10 hours ago
Class action lawsuit filed against Alphabet over delayed AI model Gemini 3.5 Pro and stock drop.

Class action lawsuit filed against Alphabet over delayed AI model Gemini 3.5 Pro and stock drop.

A class action lawsuit has been filed against Alphabet Inc. by investors who bought its securities between May 19 and July 16, 2026. The suit alleges that Alphabet misled investors by not disclosing delays and disappointing training results of its AI...

Market News
Bearish
1 day ago
Alphabet stock offers 27.7% upside with Google Cloud's 82% revenue growth driving optimism.

Alphabet stock offers 27.7% upside with Google Cloud's 82% revenue growth driving optimism.

Alphabet's stock is seen as having the largest upside among major tech firms, with a 24/7 Wall St. price target of $434.48, implying a 27.7% gain from its current price of $340.35. This optimism is driven by Google Cloud's 82% revenue growth and a $5...

Analyst Insights
Bullish
1 day ago
Google signs 20-year deal to add 890MW nuclear power, boosting AI data center energy supply.

Google signs 20-year deal to add 890MW nuclear power, boosting AI data center energy supply.

Google has entered a 20-year power purchase agreement with Constellation Energy to add 890 megawatts of nuclear power capacity to the PJM grid by upgrading 11 existing nuclear units. This move supports Google's growing electricity needs driven by AI ...

Market News
Bullish
1 day ago
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