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Lawsuit filed against Alphabet over delayed AI model launch and stock drop in July 2026

Market News
05 Oct 2026, 19:06 WIB
Newsfile Corp
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Bearish
Lawsuit filed against Alphabet over delayed AI model launch and stock drop in July 2026

Faruqi & Faruqi, LLP is investigating a securities class action lawsuit against Alphabet Inc. for allegedly misleading investors about the performance and launch delay of its AI model Gemini 3.5 Pro. The lawsuit claims Alphabet failed to disclose disappointing training results and a significant delay, which was revealed in July 2026, causing the stock price to drop 4.4%. Investors who bought Alphabet shares between May 19 and July 16, 2026, may be eligible to join the lawsuit and seek damages. The deadline to apply as lead plaintiff is November 30, 2026.

Alphabet Inc's Class A shares trade at USD 344.80 on Pluang, showing a modest 0.38% gain in the last day. The stock's market cap stands at $4.18 trillion as of Oct 05, 2026 23:13 WIB, indicating strong investor interest despite recent legal challenges.

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