Alphabet slipped below the 20‑day EMA and failed to reclaim the $350 level, with declining volume confirming a downtrend. The delayed Gemini 3.5 Pro release adds pressure on the AI narrative.

Market sentiment turned sour as investors cite the late AI product and heightened US‑Iran tensions, prompting a shift to safer tech stocks. Short‑term price action reflects increased sell‑offs across the sector.

The Gemini delay raises near‑term risk, yet Alphabet’s diversified cash flow, search monopoly, and long‑term AI moat keep the long‑run outlook intact. Investors should monitor execution risk rather than expect a fundamental break.

Technical indicators show RSI hovering near 40 and the 50‑day SMA crossing below the 200‑day SMA, signaling continued bearish momentum. Down‑day volume outpaces up‑day volume, confirming selling pressure.