Alphabet Stock Hits Record High After Google Parent Reports Strong Earnings—Monitor These Key Levels

Core Insights - Alphabet (GOOGL) shares reached a record high after reporting earnings that exceeded Wall Street estimates, with quarterly revenue surpassing $100 billion for the first time [1][8] Financial Performance - In Q3, Google Cloud revenue increased by 34% year-over-year, driven by significant investments in AI infrastructure and data analytics [2] - The legacy advertising business saw a 13% revenue growth, indicating stability in the digital ad market despite economic uncertainties [2] - The company raised its capital expenditure forecast for the year to between $91 billion and $93 billion, reflecting strong demand for AI [2] Stock Performance - Alphabet shares rose nearly 5% to around $288, with over 50% gains since the start of 2025, making it the top-performing stock among the Magnificent Seven [3] - The stock broke out from a flag pattern, suggesting a continuation of its strong uptrend, although the relative strength index indicates overbought conditions [5][8] Technical Analysis - The measuring principle suggests a potential upside target of $360 for Alphabet shares if the rally continues [8] - Key support levels to monitor are around $235 and $205 [8]