The fall of Alphabet by 2.1% on Monday morning took away over $80 billion of its market capitalization as Middle-East tensions escalated.
As of 11:25 a.m. Eastern Time on the 2 March 2026, the GOOG ticker was changing approximately at $305.67, a resounding devaluation of Friday, but only the Nasdaq composite is changing by 0.8 %.
The sell-off of risk exposed assets was in connection to the news of the potential conflict with Iran, whose reverberating effects were experienced in all markets around the world.
Selloff Drivers
The headlines of the weekend were overwhelmed by Israeli attacks and Iranian missile tests which increased the fear of a bigger war.
Such developments led to crude oil prices such as supercharged prices of Brent crude (LCO) jumped 8% to above $79, while WTI (CL) surged 7.64% in early trading Monday, March 2, 2026. Alphabet is the company worth $3.8 trillion that has not been spared.
In the hope of better news, it is already trading at 28.5 times trailing earnings and 51 times free cash flow, which reflects the wider market disturbance.
Comparatively, stock of Nvidia increased 2.85% on greater interest in artificial intelligence, and Intel declined 0.73 %, and Apple advanced 0.20 %. However concealed behind a wider market concern was a silver lining.
The Disclosure further showed that Apple is renting Google Cloud data centers to run a Siri AI upgrade, an expansion of the multi-year deal in January. The Intelligence hub developed by Apple is currently operating using Google models named Gemini.
Buy or Sell Ahead?
Opponents argue that the equity is over rated and recommend selling. The symbiotic relationships between Apple and its cloud partners have the capacity to create significant incremental annual revenue and improve aggregate cloud margins.
Considering the sharp growth in capital spending on AI, analysts project better revenue performances during the first quarter.
According to the available market opinion, it can be supposed that the equity can be expected to stabilize at the end of the quarter as long as geopolitical limitations weaken, but as long as hostilities increase, it is likely to intimidate the equity to a negative value.
As a result, a group of advanced investors is steadily tracking the cloud progress of the company, seeing it as a possible booster of a market recovery.