Alphabet Falls 2.3% on Reported Gemini 3.5 Pro Delay

Alphabet (GOOGL) shares dropped 2.3% on July 16, 2026, after Bloomberg reported its flagship AI model, Gemini 3.5 Pro, is delayed by months. The model missed Google's own performance benchmarks — internal targets, not regulatory or safety roadblocks. Reuters and CNBC corroborated the story. Google has not publicly commented.