Is Google Stock a Buy at New All-Time Highs?

Core Insights - Alphabet's shares reached a 52-week high of $256 on September 19, contributing to a market capitalization of over $3 trillion, driven by easing regulatory pressures and growth in its cloud and AI businesses [1][2][4] - The company is now the fourth publicly listed firm to achieve a market value of $3 trillion, indicating a significant shift towards becoming a comprehensive AI powerhouse [2] - Year-to-date, GOOGL stock has increased by approximately 34%, with a notable 56% gain over the past year, spurred by favorable regulatory developments [4] Regulatory Developments - A recent antitrust ruling allowed Google to retain its core assets like Chrome and Android while requiring it to abandon certain exclusive contracts and share search-related data [5] Financial Performance - In Q2 2025, Alphabet reported revenue of $96.4 billion, reflecting a 14% year-over-year increase, with growth across various segments including Google Search, YouTube ads, subscriptions, devices, and Google Cloud [7] Market Position - Alphabet's strategic focus on AI and cloud computing continues to enhance its competitive positioning, reinforcing its status as a dominant player in the global technology sector [3]