Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) shares are trading flat Tuesday and are down some 7% in July. The stock has been volatile in recent sessions after the company last week reported second-quarter financial results.

Alphabet reported second-quarter revenue of $84.742 billion, exceeding the consensus estimate of $84.202 billion. The company also reported earnings of $1.89 per share, beating analyst estimates of $1.85 per share.

This marks the sixth consecutive quarter that Alphabet has surpassed analyst expectations on both revenue and earnings. Year-over-year, total revenue increased by 14%, driven by strong performance in Google Search and momentum in Cloud services.

Google Search revenue was $48.509 billion, Google Advertising revenue reached $64.616 billion, YouTube advertising revenue was $8.663 billion, and Google Cloud revenue totaled $10.347 billion...Read More

What Else?

Alphabet shares are also volatile in recent sessions, possibly in sympathy with semiconductor and hardware stocks as the sector pulls back following this year's strength. The sector may also be under pressure amid weakness in Amkor and Lattice, which fell on soft guidance.

Google relies heavily on advanced semiconductor and hardware technologies for its data centers, servers and consumer electronics (e.g., Google Pixel phones, Nest devices). Any negative news or performance issues in the semiconductor sector can raise concerns about Google's ability to maintain or enhance its infrastructure and product offerings.

Soft guidance from key semiconductor companies such as Amkor and Lattice could also indicate potential disruptions or higher costs in the supply chain. Google, which depends on these components, might face increased costs or delays, potentially impacting profitability and operational efficiency.

Read Also: What's Going On With First Solar Stock?

How To Buy GOOGL Stock

Besides going to a brokerage platform to purchase a share — or fractional share — of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or another instrument.

For example, in Alphabet's case, it is in the Communication Services sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

According to data from Benzinga Pro, GOOGL has a 52-week high of $191.75 and a 52-week low of $120.21.

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