Alphabet Stock Nears Record Highs: AI Boom and Ad Recovery Power Google’s Rally
Alphabet shares closed Oct. 22 at $251.69, near a multi-year high, up about 30% year-to-date. Google announced $24 billion in new AI and cloud projects this week, including a $15 billion data center in India. Q3 earnings are due Oct. 29, with analysts expecting $2.27 EPS and $84.6 billion revenue. Regulatory scrutiny continues, with the EU fining Google $3.45 billion last month.