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Story summary
- Alphabet's stock hit a record high of $252.75, making it the fourth company to exceed a $3 trillion market cap, alongside Microsoft, Apple, and Nvidia.
- Strong performance in Google's Gemini AI and cloud services, along with robust advertising revenue, fueled this surge.
- Google Cloud reported a $106 billion backlog, anticipating $58 billion in new revenue commitments over two years.
- The stock has risen over 30% in 2025, aided by a favorable antitrust ruling and heightened investor confidence.
- Technical indicators suggest support at $240, with a target of $250, despite overbought signals indicating a positive outlook for further gains.
