New York, June 11, 2026, 13:49 (EDT)
- Alphabet Class A shares slipped on Thursday. The stock lagged as the wider U.S. market bounced.
- Google is reportedly in talks with Samsung about making part of a next-gen AI chip.
- Chipmakers bounced back from yesterday’s drop, but communication-services stocks trailed.
Alphabet Inc. shares dropped Thursday, bucking the bounce in U.S. indexes as traders shuffled money among tech and communication-services names. Alphabet Class A fell to $352.50, off $3.88, or roughly 1.1%. Shares changed hands between $346.38 and $359.30 on volume near 20.2 million.
Alphabet Class C shares fell, last changing hands at $349.74, down $3.58, or 1.0%. Shares traded in a range between $343.71 and $356.44 during the session. The company’s market cap stayed over $4.2 trillion. Even a small move in the stock shifts a lot of investor wealth given its size.
The losses stood out as the broader market moved up. Reuters said the Dow was up 0.54% late Thursday morning in New York. The S&P 500 gained 0.26% and the Nasdaq was ahead 0.41%. Chip stocks were bouncing back after falling hard the day before.
Alphabet lost ground in communication services, which dropped 1.8%, with both Alphabet and Meta Platforms down nearly 2%, Reuters said. MarketWatch noted earlier Thursday that Alphabet was among the largest Big Tech fallers. Shares were down 2.4% while the S&P 500 stayed in the green. Reuters
Semiconductor stocks held up in the session, but big platform names struggled. Intel, Nvidia and Micron moved higher in the Reuters reading, but software and communication-services shares lost ground. The AI theme wasn’t helping every large tech name.
Alphabet’s AI hardware strategy is getting attention after Reuters said Thursday that Google is talking with Samsung Electronics about building part of a next-gen artificial intelligence chip. The Information was cited as the source. TSMC is lined up to make the main compute piece of the tensor processing unit called “Icefish.” Reuters
Google’s next-generation chip is still in development with MediaTek, according to the same report, and could head for mass production in 2028 at the earliest. Samsung did not comment, Reuters reported. Alphabet hasn’t replied to a request for comment. Reuters said it couldn’t independently verify the story.
Samsung could get new chip orders as Google looks for more suppliers. A separate report said Google has also held talks with Intel about making over three million TPUs in 2028. For Alphabet shareholders, where Google gets these chips matters. Google’s in-house AI chips are key as the company tries to grow its cloud arm and lessen its dependence on Nvidia GPUs. Reuters
Oracle shares dropped after the company laid out capital spending plans for fiscal 2027 that came in above Wall Street forecasts, Reuters reported. Investors are still watching AI buildout costs, with some worried about how much the big tech names need to spend to keep up in AI infrastructure.
Alphabet trades with exposure to both advertising and AI infrastructure, as its business is spread across Google Services, Google Cloud and Other Bets. Google Services covers Search, YouTube, Android, Chrome, Google Maps and Google Play. Google Cloud brings in AI infrastructure, Vertex AI, Gemini for Google Cloud, cybersecurity, data analytics and Workspace products.
Alphabet shares slid Thursday, lagging while the Nasdaq and S&P 500 ticked higher. The latest move leaves the stock stuck between optimism about Google’s AI-chip plans and unease over high prices in megacap tech after a choppy market run. Alphabet was among the softest of the Big Tech crowd.
