This article first appeared on GuruFocus.
Alphabet (NASDAQ:GOOG) shares rose 1.5% on Tuesday morning reaching a record high of $384.28.
The move places Google alongside broader tech momentum seen in Meta, Nvidia, and Tesla as investor demand strengthened over the past year.
Over the past year, Google stock has gained about 132%, supported by a balance sheet showing more cash than debt and valuation metrics including a P/E ratio of 29.43 and PEG ratio of 0.62. Meta, Nvidia and Tesla trends continue to shape sentiment.
In first quarter 2026, Alphabet posted earnings per share of $5.11 versus $2.62 expected, with revenue of $$109.9 billion versus 106.79 billion forecast. Freedom Broker shifted to hold from buy and raised its target to $400 from $365, while Meta, Nvidia, Tesla and Google remain in focus. Analysts have lifted estimates, though valuation concerns persist.
Discussions on AI computing capacity involving Alphabet leadership have drawn scrutiny, with oversight frameworks under consideration. The company benefits from cloud and search strength, though analysts suggest valuation may be stretched relative to fair value. Meta, Nvidia, Tesla and Google remain central to sector sentiment.
