Alphabet Stock Nears Record Highs: AI Boom and Ad Recovery Power Google’s Rally
Alphabet Inc.’s Class A shares (NASDAQ: GOOGL) are trading near their highest levels in years. As of late Oct. 23, the stock hovers around $252, just below October’s intra-day high of ~$256 ts2.tech. That puts Alphabet’s market value tantalizingly close to the $3 trillion milestone ts2.tech reuters.com – a club shared only by Apple and Microsoft. In fact, after shares hit a new record high in mid-September, Alphabet’s stock had already rallied over 32% year-to-date reuters.com. “Alphabet’s stock [is] flirting with record highs,” noted one analyst, as both technical trends and fundamentals improve ts2.tech. Recent momentum has been fueled by