Alphabet stock hits $350 record as investors brace for Q4 earnings
Alphabet shares briefly hit a record near $350 ahead of its Q4 earnings report, with investors focused on AI spending versus growth.Summary
Alphabet stock briefly reached a record high near $350 before settling around $342 as the market anticipates the company's fourth-quarter earnings report. This surge has positioned Alphabet as the world's fourth-largest asset by market value at approximately $4.15 trillion, trailing only Nvidia. Wall Street analysts expect Q4 revenue to reach $111.4 billion, a 15.4% year-over-year increase, with adjusted earnings projected at $2.64 per share. Investors are keenly watching whether core segments like search, YouTube, and cloud can maintain growth momentum without margin erosion, especially given rising capital expenditures for AI infrastructure, a concern that recently impacted Microsoft. Furthermore, Alphabet's valuation is supported by the scaling commercial robotaxi operations of its autonomous driving unit, Waymo, which recently secured $16 billion in external funding, valuing the unit at $126 billion, though Alphabet remains the majority owner.
(Source：Crypto Briefing)