A couple years ago, I stopped drinking at very large company/professional networking events. When folks ask about it, I usually just say something like, "I don't like to be drunk around my coworkers". That's not the whole truth though. It's more about first impressions and fostering a feeling of safety and comfort for those around me.
I have no problems having a few drinks with my friends or coworkers I'm comfortable with, but at networking events, I'm meeting a lot of people for the first time. I want them to meet the best version of me - aware, listening and attentive, and not a tipsy version of me that's more likely to be a poor conversation partner.
Further, I've heard or witnessed too many stories about icky, gross, or just outright terrible behavior at professional networking events in tech and other professions - Stories involving offhanded misogyny, racist jokes, or outright harassment. I don't think alcohol suddenly makes someone racist or whatever, so much as it coaxes problem actions and words out of folks who already don't see a problem with those types of behaviors. But the fact is, in almost every one of the stories, the perpetrator is a man who has had too much to drink.
A conference/networking environment is intimidating enough with all the people, but it can be even worse if there's alcohol present and you've had one too many previous bad encounters with drunk men. So, these days I may have one alcoholic drink, but then reach for the NA options: bubbly water, NA beer, sodas. I want folks to feel safe and comfortable around me. The alcohol can wait until I'm not at work.