Thoughts on investing in GOOGL after 8% drop today?

I have a buddy who called me today and told me he dropped some into GOOGL. It was down 8% and has a P/E of 16.9. 16.9?! For GOOGL? I understand that the DOJ is looking at its partnership with AAPL and apps like ChatGPT are taking market share, but GOOGL had YouTube, WayMo, and so many other high growth businesses. Also a small dividend. I personally prefer searching on Google than ChatGPT.

Full disclosure: I bought some shares at $149. Already owned at a cost basis of around $85.

Thoughts?