Ticker: Alphabet Inc. (NASDAQ: GOOGL, GOOG) • Date: Thursday, Nov 6, 2025 (6.11.2025)
At a glance: Alphabet shares were little changed midday as investors weighed a proposed settlement with Epic Games that would reshape Google’s Android app-store economics, fresh progress on the $32 billion Wiz acquisition, and new AI‑driven infrastructure and sustainability moves. As of publication, GOOGL traded around $283 with an intraday range near $281–$290 and a market cap of roughly $2.94T.
Key takeaways
- Stock price: GOOGL hovered near $283 today; intraday high/low roughly $289.86/$281.26.
- Epic settlement could lower Play Store fees: Google proposed new global Android rules and fee caps (as low as 9% or 20% depending on the transaction) in a deal with Epic — pending court approval. [1]
- Deal-making momentum: The DOJ cleared Google’s $32B purchase of cybersecurity firm Wiz, Alphabet’s largest acquisition to date (other jurisdictions still pending). [2]
- AI & sustainability updates today: Reuters reports Google plans a powerful AI data center on Christmas Island (Australia) and struck its largest carbon‑removal deal to fund Amazon reforestation with startup Mombak. [3]
- Fundamentals remain robust: Q3 revenue topped $100B for the first time with capex guided to $91–$93B for 2025 amid AI demand. [4]
Today’s market driver #1: Epic settlement proposal could reset Play Store economics
Alphabet and Epic Games told the court they’ve reached a “comprehensive” settlement proposal that, if approved, would bring lower service fees (generally 20% or 9% depending on transaction type and install timing), allow “registered” third‑party app stores to be easily installed, and extend changes globally through 2032. A discussion with Judge James Donato is scheduled today; the settlement would replace parts of an earlier U.S. injunction. Investors are weighing a near‑term revenue headwind in Play against reduced legal overhang and a cleaner global rulebook for Android. [5]
Today’s market driver #2: DOJ clears $32B Wiz acquisition
Wiz CEO Assaf Rappaport said the U.S. Justice Department has completed antitrust review of Google’s planned $32 billion Wiz deal, a milestone for Alphabet’s biggest-ever acquisition. The transaction still awaits other regulatory sign‑offs and is targeted to close in 2026. Strategically, Wiz would bolster Google Cloud security offerings — a priority area as AI workloads scale. [6]
New AI investment signals: Data centers and carbon removal
- Infrastructure: Google is planning a large AI data center on Christmas Island (Australia), including a subsea cable link to Darwin, per documents and local officials cited by Reuters. The site could support AI‑enabled command‑and‑control use cases and underscores Alphabet’s ongoing build‑out of compute capacity. [7]
- Sustainability: Separately, Google agreed to buy 200,000 metric tons of high‑quality carbon‑removal credits from Brazil’s Mombak, making the startup the company’s top carbon‑credit supplier as Alphabet seeks to balance the energy demands of AI data centers. [8]
Fundamentals check: Q3 beat, record sales, heavier AI capex
Alphabet posted Q3 2025 revenue of $102.3B (+16% YoY), with double‑digit growth across Search, YouTube ads, subscriptions/devices and Google Cloud (+34% YoY). EPS rose 35% to $2.87, and management lifted 2025 capex guidance to $91–$93B to meet AI demand; results also reflected a $3.5B EU ad‑tech fine accrued in the quarter. [9]
Another AI catalyst in focus: Apple–Google model deal (report)
Reuters (citing Bloomberg) reports Apple plans to pay about $1B annually to use a Google 1.2‑trillion‑parameter model to help power a revamped Siri as an interim step while Apple builds its own. While not finalized, the prospect of Apple leaning on Google AI would be a notable distribution and monetization tailwind for Alphabet’s model ecosystem. [10]
Analyst pulse
Following last week’s earnings, Morningstar raised Alphabet’s fair value estimate to $340 (from $300), citing Search strength and Cloud momentum — a supportive backdrop for sentiment even as investors parse the Epic settlement’s fee impact. [11]
What it means for Alphabet stock (GOOGL/GOOG) today
- Legal overhang vs. monetization mix: If approved, the Epic deal likely trims Play take rates (a small slice of Alphabet revenue) but could reduce regulatory risk and unlock more developer innovation on Android — modestly positive for long‑term platform health. [12]
- Cloud & AI moat widening: The Wiz step‑forward, data‑center build‑out, and a potential Apple AI tie‑up all point to higher AI workloads flowing through Google Cloud and Alphabet’s model stack — consistent with the company’s elevated capex path. [13]
- ESG considerations: The Mombak agreement highlights Alphabet’s push to offset AI’s power demands, a factor increasingly relevant to institutional investors and large enterprise buyers. [14]
What to watch next
- Court hearing/approval of the Epic settlement terms and the timeline for Android changes. [15]
- Regulatory clearances for Wiz outside the U.S. and any integration updates. [16]
- AI infrastructure newsflow (data‑center sites, chip capacity, subsea cables) and implications for capex and Cloud growth. [17]
- Any confirmation or expansion of the Apple–Google AI model arrangement. [18]
Methodology & sources
Real‑time pricing from market data (GOOGL) and primary reporting from Reuters, The Verge, and Alphabet investor materials inform the analysis above. Key sources: live price/metrics for GOOGL; Epic settlement details (Reuters, The Verge); DOJ clearance of Wiz (Reuters); Q3 results and 2025 capex guidance (Alphabet earnings release); Apple–Google AI model report (Reuters/Bloomberg); AI data center and carbon‑credit developments (Reuters). [19]
This article is for information purposes only and is not investment advice.
References
1. www.reuters.com, 2. www.reuters.com, 3. www.reuters.com, 4. s206.q4cdn.com, 5. www.reuters.com, 6. www.reuters.com, 7. www.reuters.com, 8. www.reuters.com, 9. s206.q4cdn.com, 10. www.reuters.com, 11. global.morningstar.com, 12. www.theverge.com, 13. www.reuters.com, 14. www.reuters.com, 15. www.theverge.com, 16. www.reuters.com, 17. www.reuters.com, 18. www.reuters.com, 19. www.reuters.com


