Google's stock price surges 8%, adding $340 billion in market value in a single day; Google's cloud services experience explosive growth in the first quarter

Golden Finance reported that on April 30, the share price of Alphabet, Google’s parent company, rose by 8.02% to $378.000 per share, reaching a new all-time high. Its total market capitalization was $4.58 trillion, increasing by $340 billion in a single day. As for the news, in the first quarter of fiscal year 2026, Alphabet, Google’s parent company, achieved a double beat on both revenue and profit, with total revenue rising to $109.9 billion, up 22% year over year, significantly exceeding the market’s prior forecast of $107.2 billion. For the first time, Google Cloud’s quarterly revenue touched the $200 billion mark, with a year-over-year growth rate as high as 63.4%, far exceeding the $122.6 billion from the same period last year. During Alphabet’s earnings call, it announced that, due to AI demand that is “unprecedented,” it has raised its full-year 2026 capital expenditure guidance to $180 billion–$190 billion, and expects capital expenditures for 2027 to increase significantly. This move is viewed as a necessary investment to meet strong demand and support future growth.