Alphabet (GOOGL) is one of the worst performers in the S&P 500 (SPX) as the stock suffers one of its steepest single-day losses on record. Marley Kayden turns to the key metrics making investors second-guess the Mag 7 giant's forward momentum as it doubles down on AI spending. As she explains, ads and search are thorns in cloud's rosy revenue growth. Joe Tigay offers an example options trade for Alphabet.