WSJ
30 Oct 2026, 01:16 UTC · 4h ago
Nikkei Falls 1.3%, Dragged by Electronics, Metals Stocks
Impact · against what's priced in
The Alphabet selloff is a negative catalyst as it undermines the stability of current valuation multiples, though it does not fundamentally change the long-term AI and Cloud growth trajectories. The broader Nikkei decline reflects macro caution rather than company-specific deterioration for the listed tickers.
- GOOGL−0.30
Challenges what's priced in
- The price assumes
Higher discount rates and macro uncertainty... suppress valuation multiples
The overnight selloff suggests a further compression of the valuation multiple, challenging the assumption that macro uncertainty and discount rates were already fully reflected in the current price.
What GOOGL's price assumes · Sep 2
Top 3 movers · tap to explore
