Alphabet stock extends 4-day rally toward record as Waymo expands into London

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Alphabet stock extends 4-day rally

Highlights

Alphabet stock up 6.5% this week as bullish breakout fuels renewed investor conviction.

Waymo’s London launch plan boosts Alphabet’s AI positioning and strengthens growth-focused sentiment.

Powell’s easing hints support tech rally, placing GOOGL within reach of record highs.

The stock has advanced over 6.5% week to date and improved its month-to-date performance to 4.7%. During the premarket session, GOOGL traded near $252.2, now just 1.4% below its all-time high of $257 set in September. The bullish price action confirms that the breakout from the downward channel that had dominated movement since last month is technically valid. The move marks a significant reversal of sentiment after the stock fell to a four-week low of $236 earlier this month.

GOOGL stock price dynamic (Sept - Oct 2025). Source: Tradingview

Several fundamental drivers have fueled the latest uptrend. On Wednesday, Alphabet’s autonomous driving unit Waymo announced plans to launch a fully self-driving ride-hailing service in London by 2026. The expansion reinforced the company’s positioning in emerging AI-driven mobility solutions and helped boost investor confidence.

Alphabet stock eyes all-time high as Powell comments lift growth sentiment

Additionally, the market environment has been broadly supportive of growth stocks this week. Investors appear to be brushing off lingering U.S.-China tariff tensions in favor of renewed expectations for monetary easing. Comments from Federal Reserve Chair Jerome Powell earlier in the week hinted that the easing cycle could begin as early as the October FOMC meeting, bolstering sentiment across the technology sector.

Technically, GOOGL’s momentum indicators confirm the strength behind the rally. The breakout from the bearish channel represents a clear structural shift, while the 4-hour RSI has transitioned into bullish territory, signaling that buying momentum is accelerating. The alignment of improving fundamentals and positive technical readings suggests that GOOGL could soon challenge its record high.

If bullish momentum continues through the cash session, the stock may extend its upward path toward a fresh all-time high, supported by growing investor conviction in Alphabet’s long-term AI strategy and easing macroeconomic headwinds.

Recently, we discussed Alphabet stock rallying to a 5-day high following a $15 billion AI investment in India. Powell’s dovish remarks lifted growth stocks and reinforced Alphabet’s recovery.

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