Alphabet Stock Stabilizes Near $345 After AI Talent Exodus

Alphabet shares have stabilized near $345 following a sharp selloff triggered by high-profile AI researcher departures. The decline began June 17 when Gemini co-lead Noam Shazeer joined OpenAI, then accelerated June 22 as Nobel laureate John Jumper moved to Anthropic and two additional researchers followed, erasing up to $269 billion in market value. Despite the 6%+ drop to $343.47 and concerns over $180–190 billion 2026 capex, Q1 results showed 21.8% revenue growth and 63% Google Cloud expansion, underscoring Alphabet’s distribution and TPU advantages amid the talent exodus. Latest June 26 commentary questions whether the market overreacted to the exits.