Yo, fellow traders! Back again to talk about one of the hottest moves in the market right now. All eyes are on Alphabet (GOOGL) because this thing literally has no brakes lately. Looking at the latest data, the price is sitting at $397.39. We’re inches away from that $400 psychological level, which is the 52 week high. A 144% return in a year? That’s absolutely insane for a mega cap like Google.
Even though we’re at the top, the future valuation actually looks solid. Their earnings growth is outpacing the price pump, so fundamentally, it still makes sense for a long term hold.
Technical Chart Watch Out for Overbought
Technically, the trend is super strong bullish. But check the RS it’s at 74. Usually, anything over 70 means the market is getting a bit exhausted or overbought. It might be smarter to wait for a tiny pullback to a support level before jumping in.
Business Perks & The AI Hype
Google Cloud is the new star, growing at 63%. Everyone was scared AI would kill Google Search, but it’s actually the opposite. Their AI features are keeping people hooked, and their ad business is still printing money.
Record Breaking Q1 2026 Profits Google just dropped their earnings and the numbers are wild. Revenue is way up thanks to Gemini AI being used by big companies in the Cloud.
$185 Billion AI Bet They aren't playing around with Microsoft or Nvidia. Google is dropping massive cash this year to build new AI data centers to keep Gemini fast as lightning.
My Take
Honestly, Google right now looks like a beast that just woke up. Gemini AI is a total game changer for their whole ecosystem. But as traders, we gotta stay objective. Price is knocking on $400 resistance and RSI is screaming I need a break.
My advice? Don't chase the hype at the very top. Keep an eye out for a healthy correction to a support zone, then start scaling in. Stay safe and don't let FOMO wreck your portfolio!
News Source:
Alphabet Investor Relations
CNBC
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