The latest tech sell-off has been hard on many companies, including Alphabet (GOOG 2.56%) (GOOGL 2.79%). At its high, Alphabet attained a valuation worth over $2.5 trillion. Now, it sits at $2 ...

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The company is facing pressure on two fronts—the government and a host of new AI-powered search rivals. It has the capacity to meet both challenges and continue to prosper.