Overview
- Alphabet’s Class A stock touched $291.64 for a new 52-week high, with a 60.4% one-year gain and a $3.51 trillion market value.
- Third-quarter adjusted earnings per share rose 35% year over year, supported by double-digit growth in Search and Google Cloud.
- Google Cloud’s backlog reached $155 billion, a 46% annual increase that signals strong enterprise demand for AI services.
- Google’s Gemini AI app was reported at more than 650 million monthly users less than three years after launch.
- Alphabet raised $17.5 billion in U.S. notes and €6.5 billion in euro notes to fund expansion and outlined a roughly $6.41 billion Germany investment including a new data center near Frankfurt.