The Direxion Daily GOOGL Bull 1.5X Shares (GGLL) closed down 1.42% at $49.35 on December 17, as Alphabet Inc. ($GOOGL) shares experienced volatility despite crossing the $200 mark for the first time on a split-adjusted basis. Alphabet's stock initially surged to an intraday high of $201.42, driven by momentum in new AI products and broader market strength, but later retreated amid anemic trading volume. The stock's performance was further influenced by broader market concerns, including a potential bubble in tech stocks, as highlighted by significant selloffs from major investors like Peter Hargreaves. Additionally, the Nasdaq 100 faces potential rebalancing due to the oversized influence of mega-cap tech stocks, which could impact Alphabet's weighting.