Google's Stock Soars 8%, Adding $340 Billion in One Day; Google Cloud Sees Explosive Growth in Q1

On April 30, Alphabet, Google’s parent company, saw its stock price rise by 8.02%, reaching $378.00 per share, marking a historic high and bringing its total market capitalization to $4.58 trillion, an increase of $340 billion in just one day. In the first quarter of fiscal year 2026, Alphabet reported a significant leap in both revenue and profit, with total revenue climbing to $109.9 billion, a 22% year-over-year increase, significantly surpassing the market’s previous forecast of $107.2 billion. Google Cloud’s quarterly revenue reached the milestone of $20 billion for the first time, with a year-over-year growth rate of 63.4%, far exceeding last year’s $12.26 billion. During the earnings call, Alphabet announced that due to ‘unprecedented’ demand for AI, it is raising its full-year capital expenditure guidance for 2026 to between $180 billion and $190 billion, and expects significant increases in capital expenditures for 2027, a move seen as necessary to meet strong demand and support future growth.