Alphabet’s stock doubled to $360 as revenue hit $109.9 billion, driven by 63% Google Cloud growth and 30% operating income rise.
Alphabet’s stock price climbed from under $180 to $360 over the past year, reflecting a 100% gain. The company’s market value now exceeds $109.9 billion in quarterly revenue, up 22% year over year, marking its 11th straight quarter of double-digit growth.
First-quarter operating income rose 30%, with margins expanding 2 percentage points to 36.1%. Google Cloud revenue surged 63%, while backlog nearly doubled to $460 billion, according to the company’s earnings release.
Shares remain 12% below their 52-week high after a July pullback in AI-related trades, leaving investors weighing whether to buy or take profits.