Alphabet stock holds near record high amid first-ever quantum computer breakthrough

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Sholanke Dele

23.10.2025

Alphabet stock holds near record high amid first-ever quantum computer breakthrough — Alphabet stock holds near record high

Alphabet Inc. (GOOGL) stock held steady on Thursday, extending its six-day consolidation between $257 and $244.

The stock traded near its all-time high as buyers and sellers continued to balance positions ahead of major macro and corporate catalysts. During the premarket session, GOOGL rose 0.7% to $253.5, showing that bullish pressure is gradually building inside the range.

- Alphabet stock consolidates six days below $257 while RSI stays moderately bullish.

- Traders eye CPI data and tech earnings as potential triggers for volatility expansion.

- Quantum Echoes milestone positions Alphabet for renewed institutional demand and possible breakout above $257.

The 20-day EMA has served as the primary support for the consolidation. While on the four-hour chart, the same EMA cushioned Wednesday’s price decline at $249.5, keeping the broader bullish structure intact. The sustained pattern of higher lows above $244 highlights strong buying interest at lower levels, even as the upper range near $257 continues to cap short-term momentum.

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

Momentum indicators reflect this indecisive structure. The daily RSI sits at 60, suggesting a moderate bullish bias, while the four-hour RSI, which recently fell from 69 to 55, has turned slightly upward again, showing that intraday momentum is attempting to rebuild. The one-hour RSI remains neutral, mirroring the tightening price action of the past week. Meanwhile, volume has been thinning on the one-hour chart, indicating that traders are reducing participation until a catalyst triggers the next expansion phase.

Quantum advantage milestone to strengthen institutional appetite for Alphabet shares

Market participants are now awaiting fresh cues from two fronts: upcoming quarterly results from major tech peers and Friday’s U.S. CPI report. Both are expected to influence investor sentiment toward growth and tech-heavy stocks. Any indication of softer inflation could lift overall risk appetite and push GOOGL toward an upside breakout beyond $257. Conversely, a strong CPI print could spark renewed profit-taking, particularly as the stock trades close to uncharted highs.

On the corporate front, Google’s announcement of its Quantum Echoes algorithm has added a new layer of optimism. The company revealed that its Willow quantum chip executed the out-of-order time correlator algorithm 13,000 times faster than the most advanced classical systems. This marks the first verifiable quantum advantage, a milestone that could attract institutional interest into Google’s AI and quantum computing roadmap.

The combination of technical compression and groundbreaking innovation sets the stage for heightened volatility. A breakout above $257 could open the path toward $260 and beyond, while a failure to hold $244 support might trigger short-term correction before broader momentum resumes.

We discussed Alphabet rebounding from 20-day EMA support as Anthropic partnership deal boosted sentiment. Buyers defended the $244 level, driving GOOGL’s recovery toward the $260 record target.

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