New York, March 3, 2026, 4:44 PM EST — After-hours
- Alphabet Class C shares hovered near $303.56 after the bell, down about 0.9% from Monday’s close
- Wall Street slid as investors weighed Middle East conflict risks and the inflation hit from higher energy prices
- Traders are also eyeing a report that Apple is discussing hosting an upgraded Siri on Google Cloud
Alphabet’s class C shares (GOOG.O) were trading around $303.56 in after-hours on Tuesday, down about 0.9% from Monday’s close.
The move came after U.S. stocks ended lower as investors assessed the risk that the widening Middle East conflict keeps oil prices elevated and complicates the inflation outlook. “Investors are growing anxious about the duration of the war and its impact on energy prices,” Joseph Tanious, chief investment strategist at Northern Trust Asset Management, said. 1
Separately, Apple and Google are discussing using Google’s AI and cloud infrastructure to support the next version of Siri, according to a report that cited The Information. The report said Apple’s in-house “Private Cloud Compute” has been running at roughly 10% of capacity on average, leaving it looking for more outside compute as it upgrades Siri. 2
Alphabet closed down 0.93% at $303.52 in the regular session, after swinging between $296.77 and $303.92. Volume was about 19.7 million shares. 3
The stock has now logged back-to-back declines. Alphabet fell 1.63% on Monday to $306.36, lagging some megacap peers in a mixed session. 4
For Alphabet investors, any hint of incremental cloud demand lands in a market still fixated on the price tag for AI infrastructure. Last month, the company forecast 2026 capital spending of $175 billion to $185 billion as it ramps servers and data centers for AI, a plan that investors have treated as both a growth bet and a margin risk. 5
The broader market is also jittery ahead of key U.S. economic data later this week. “There continues to be this … back and forth about who might be the victim,” Kristina Hooper, chief market strategist at Man Group, said of investor debate around AI’s winners and losers, as traders head into Friday’s jobs report. 6
Alphabet has its own near-term calendar item as well: the company’s $0.21 quarterly cash dividend is due to be paid March 16 to shareholders of record as of March 9. That record date effectively sets up the “ex-dividend” trade, when new buyers no longer qualify for the payout. 7
Still, plenty can go the other way. If oil prices keep climbing, inflation fears could deepen and pressure valuations across megacap tech, while the Apple-Siri discussions may not translate into a contract or may ramp slowly even if they do. 8
Next up for traders is Friday’s U.S. employment report for February, due at 8:30 a.m. ET, which could reshape rate-cut expectations and set the tone for tech into next week. 9
