Google Stock Hits 52-Week High on AI Hype, Nears $3 Trillion Mark – What’s Next?
Alphabet’s share price has been on a tear, recently hitting a fresh 52-week high of $256.02 investing.com. At that level, Google’s parent company is worth roughly $2.97 trillion – nearly joining the exclusive club of $3 trillion market-cap companies ts2.tech. The stock has climbed about 30% year-to-date, vastly outpacing the broader market ts2.tech. Notably, Alphabet jumped 38% in the third quarter alone, its best quarterly performance since 2005 ts2.tech. This momentum reflects strong fundamentals: over the past year the stock is up ~57%, buoyed by Google’s continued innovation in cloud computing and digital advertising investing.com. The company boasts ~13% revenue growth with hefty ~59% gross margins, underlining solid execution investing.com.