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GOOGL Surges Amid Rising AI Demand and Cloud Backlog

Guavy AI Editorial Team Published September 30, 2026

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GOOGL

Alphabet's stock price rose by 2.51% on Wednesday to $349.48, above its opening and previous close.

The gain came despite recent pressure from AI competition and concerns over Alphabet's infrastructure buildout costs.

Google Cloud's backlog reached a significant milestone of $514 billion in Q2 FY2026, with large customers committing to future cloud capacity.

This figure is central to current optimism around Alphabet's AI infrastructure plans.

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