Alphabet shares fall 7.1% to $317.69 on higher spending plan

Alphabet closed at $317.69 on July 23, down 7.13%, on volume of about 68.6 million shares, roughly double its three-month average. The drop came the day after results that beat on revenue, as investors focused on the raised capex forecast and negative free cash flow. Microsoft and Meta also fell that day, which points to a sector-wide reaction to AI spending.

• Close $317.69, down 7.13%
• Volume about 68.6M shares, about 111% above the three-month average of 32.5M
• Trigger: 2026 capex forecast raised to $195B-$205B
• Microsoft down 2.24% and Meta down 3.36% the same day