Alphabet Stock Surges on Bullish AI Upgrades

Alphabet Inc.'s stock has surged by 2.37% following a series of bullish analyst upgrades and strong AI-driven ad revenue growth.

The upgrades from Oppenheimer and Tigress Financial point to significant potential for Alphabet's Google Cloud revenue, with Oppenheimer modeling $170 billion in incremental revenue by 2028.

This growth is driven by Alphabet's expansion into AI at every layer of its business, including the development of Tensor Processing Units (TPUs) and Gemini, a cloud-based AI platform.

Alphabet is also investing heavily in AI infrastructure, with plans to put $15.1 billion into Finland over 2027-2028 for data centers, grid upgrades, and clean-energy projects.