Alphabet Inc.'s stock faced downward pressure today, despite initial optimism from Waymo's announcement of its first international robotaxi tests in Tokyo. The broader market's cautious sentiment ahead of the Federal Reserve's interest rate decision seemed to overshadow the positive news, affecting large-cap tech stocks like Alphabet. Additionally, skepticism about Alphabet's recent quantum computing advancements, particularly the Willow quantum chip, may have further dampened investor enthusiasm. Analysts have expressed caution about the commercial viability of this technology, which could have contributed to the stock's decline.
The Direxion Daily GOOGL Bull 1.5X Shares (GGLL) ETF closed at $49.35, down 1.42% from its previous close of $50.06, and currently stands at $49.36 as of 16:40 on Tuesday, December 17.