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Alphabet (GOOG) is trading sharply higher ahead of the bell today, on pace to join the ranks of $2 trillion companies after the company released better-than-expected Q1 earnings. Importantly, the Google parent is now getting some much-desired “AI respect,” as it has refuted the perception that it is lagging behind its Big Tech peers in pivoting to artificial intelligence.
As Alphabet rises to new record highs, let's explore how high the stock could go, beginning with a brief look at the company’s Q1 earnings.