Sundar Pichai, CEO of Alphabet Inc.

Kyle Grillot | Bloomberg | Getty Photos

Alphabet shares closed at $200 per share for the primary time on Friday as traders develop more and more bullish on the corporate’s alternatives in synthetic intelligence.

The inventory gained 1.1% on Friday and somewhat greater than 2% for the week to shut at $200.21. It’s up nearly 6% in 2025, whereas the Nasdaq is up 3.3% up to now this yr.

Alphabet’s recent document is on a split-adjusted foundation. The corporate applied a 20-for-1 inventory break up in 2022. On the time of that announcement, the inventory was buying and selling at about $2,750, equal to $137.50 after the break up.

Tech’s megacap corporations begin reporting earnings subsequent week, with Microsoft, Meta and Tesla scheduled to announce outcomes on Wednesday, adopted by Apple on Thursday. Alphabet is slated to report fourth-quarter outcomes on Feb. 4.

Alphabet’s income within the third quarter elevated 15% from a yr earlier, accelerating from about 11% progress throughout the identical interval in 2024. The corporate generated $88.3 billion in gross sales within the third quarter and noticed document cloud income.

Whereas Alphabet faces elevated competitors resulting from developments in generative AI, significantly from OpenAI, analysts usually view Google as a winner in AI as the corporate provides new options to merchandise throughout its portfolio.

In a report on Friday, Morgan Stanley analysts pointed to the corporate’s progress of its AI agent merchandise, Challenge Astra and Challenge Mariner, in addition to its massive language mannequin Gemini 2.0 launched in 2024. Nonetheless, the agency stated “the utility bar to hurdle and scale” its shopper merchandise is “excessive.”

In a 2025 technique assembly with staff final month, Google executives stated they count on a yr of elevated competitors, regulatory hurdles and developments in AI.  Regardless of product mishaps within the first half of 2024, the second half of the yr featured quite a few necessary AI merchandise.

Alphabet shares have gained 35% over the previous yr. Amongst tech’s highest-valued corporations, the very best performer has been Nvidia, up 132%, adopted by Tesla at 96%. Meta and Amazon have additionally outperformed Alphabet, whereas Apple and Microsoft have underperformed. The Nasdaq has gained 29% over the previous yr.

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