The super earnings week of tech giants continues to inject a strong boost into Wall Street, and this time the protagonist is search and AI behemoth Google.
On April 30th, US time, the stock price of Alphabet (US stock code: GOOGL / GOOG), the parent company of Google, achieved a historic breakthrough, fully demonstrating its powerful monetization capabilities in the field of AI infrastructure and applications.
It surged 7% to a new all-time high, with its market capitalization exceeding $4.5 trillion.
According to the latest real-time market quotes, Alphabet's stock saw a sharp rise during today's trading session:
- Class A shares (GOOGL): surged more than 7% at one point during the session, reaching a high of $378.22 . This figure far surpasses the previous all-time high of $350.34 set just a few days earlier (April 27).
- Class C stocks (GOOG): also saw a strong gain of over 7%, with the intraday high approaching $375 , setting a new record.
This unstoppable surge propelled Alphabet's total market capitalization to an astonishing $4.5 trillion , forcing analysts at major Wall Street investment banks to urgently raise their target prices after the earnings report.
Google Cloud's EPS more than doubled, exceeding expectations, and surged 63%.
The ultimate fuel that ignited this surge in stock price was Alphabet's Q1 2026 earnings report, released after the market closed on the 29th. The performance of this report can only be described as "completely exceeding expectations."
- Total revenue: $109.9 billion, a significant increase of 22% compared to the same period last year, easily beating Wall Street's estimates.
- Earnings per share (EPS): A staggering $5.11 , significantly higher than the market’s initial estimate of about $2.6, almost doubling.
Among these developments, the most exciting for investors was undoubtedly the explosive growth of Google Cloud . Financial reports show that Google Cloud's revenue strongly surpassed the $20 billion mark this quarter, reaching $20.03 billion , a staggering year-over-year increase of 63% . This strongly indicates that Google's previous massive investments in the Gemini model and AI infrastructure are now rapidly translating into substantial enterprise-level solution orders and cash flow, successfully dispelling the market's deep-seated concerns about "AI burning money without returns."
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