$Alphabet - C(GOOG.US) Regarding GOOGL's recent trend, I believe the market is pricing short-term risks with the most pessimistic sentiment. The departure of two top AI scientists has raised market concerns about Google's AI competitiveness and talent drain, leading to a significant pullback in the stock price. In the short term, these concerns are real and are the main source of recent selling pressure.

However, from a fundamental perspective, Google Cloud continues to maintain strong growth, AI business commercialization is ongoing, and the core competitiveness of search, cloud computing, and the Gemini ecosystem has not fundamentally changed due to individual talent movements. The current market worry is about excessive AI investment and a long payback period, not problems with the business itself.

Historical experience tells us that pullbacks in high-quality tech companies often come from expectation adjustments, not value disappearance. When the market focuses on talent drain and capital expenditure, it's easy to overlook that Alphabet still possesses one of the world's most powerful traffic portals, advertising platforms, and AI infrastructures.