Alphabet Inc. shares rose more than 2% in early trading Tuesday, with the Google parent's Class C stock (GOOG) climbing to around $280 as Wall Street largely reaffirmed its bullish stance on the tech giant's long-term prospects amid accelerating artificial intelligence investments and robust Google Cloud growth.
The stock gained $6.82, or 2.50%, to trade near $279.96 shortly after the market open, extending a recovery from earlier 2026 consolidation. Despite elevated capital spending plans that pressured shares following the fourth-quarter earnings report in February, analysts continue to view Alphabet as a core long-term holding, citing its dominant position in search advertising, expanding AI capabilities through Gemini models, and Google Cloud's rapid scaling.
