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Alphabet Stock Hits Record High After Google Parent Reports Strong Earnings—Monitor These Key Levels

1. Alphabet's revenue surpassed $100 billion for the first time. 2. GOOGL shares broke out from a flag pattern, signaling a strong uptrend. 3. Google Cloud revenue rose 34% due to AI infrastructure investments. 4. Legacy advertising revenue grew 13%, indicating digital ad market stability. 5. Potential upside target for GOOGL shares is $360; watch for $235 support.

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FAQ

Why Bullish?

Earnings exceeded estimates, showing strong demand. Similar positive impacts were seen historically in tech stocks like Apple after earnings beats.

How important is it?

GOOGL's strong earnings and cloud growth are key indicators of future performance.

Why Short Term?

Immediate reactions likely with earnings report impact, but overbought conditions may lead to profit-taking.

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