Alphabet shares close above $200 for first time since stock split

alphabet Shares closed at $200 a share for the first time on Friday as investors grew more optimistic about the company’s opportunities in artificial intelligence.

The stock rose 1.1% on Friday and just over 2% over the week to close at $200.21. It will rise about 6% in 2025, while the Nasdaq is up 3.3% so far this year.

Alphabet’s new record is on a separate basis. Company outlet A 20-for-1 stock split in 2022. At the time of this announcement, the stock was trading at about $2,750, which equates to $137.50 after the split.

Giant tech companies begin announcing their earnings next week, with… Microsoft, dead and Tesla The results are scheduled to be announced on Wednesday, the following day apple Thursday. alphabet Fourth quarter results are scheduled to be announced on February 4.

Alphabet revenue in Third quarter It increased 15% from a year earlier, accelerating from nearly 11% growth during the same period in 2024. The company generated $88.3 billion in sales in the third quarter and saw record cloud revenue.

While Alphabet faces increasing competition due to advances in generative AI, especially from OpenAI, analysts generally view Google as a winner in AI as the company adds new features to products across its portfolio.

In a report released Friday, Morgan Stanley analysts pointed to progress the company has made on its AI agent products, Project Astra and Project Mariner, as well as its large language model Gemini 2.0, which will be released in 2024. However, the company said “toolbar The assistance to be exceeded and the volume of its consumer products are “high.”

In 2025 Strategy meeting With employees last month, Google executives said they expect a year of increased competition, regulatory hurdles and advances in artificial intelligence. Despite product mishaps in the first half of 2024, the second half of the year saw several significant AI products.

Alphabet shares are up 35% over the past year. Among the most valuable companies in technology, Nvidia was the best performer, up 132%, followed by Tesla, up 96%. Meta and Amazon also outperformed Alphabet, while Apple and Microsoft underperformed. The Nasdaq index rose 29% over the past year.