Google stock
On July 16, 2026, Alphabet Inc. (GOOGL) shares declined 4.4%, erasing approximately $200 billion in market capitalization, following reports that the launch of its flagship AI model, Gemini 3.5 Pro, has been delayed by several months. According to Bloomberg News, the postponement stems from technical challenges in improving the model's coding capabilities and disappointing results from recent training updates. This setback has intensified investor scrutiny regarding Alphabet's execution timeline and its competitive standing against rivals OpenAI and Anthropic.