Alphabet Stock Surges on Strong AI Momentum and Cloud Growth Expectations
Alphabet Inc.'s stock price has risen by 2.02% due to strong momentum in AI products and optimistic cloud growth expectations.
A leading broker raised its price target for GOOGL to $450, citing proprietary survey data showing Google's search leadership strengthening and Gemini gaining ground against ChatGPT.
Another firm lifted its target to $485, pointing to full-stack AI momentum across Search, Cloud, and YouTube and strong Gemini adoption trends.
Alphabet announced a planned €13B ($15.1B) AI-focused infrastructure investment in Finland for 2027-2028, its largest in Europe tied to roughly 7,000 jobs.