Alphabet stock gains 0.78% in premarket after earnings beat expectations and legal victory

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Sholanke Dele

03.11.2025

Alphabet stock gains 0.78% in premarket after earnings beat expectations and legal victory — Alphabet stock gains 0.78% premarket

Alphabet Inc. [GOOGL] stock price opened the new month with gains after last week’s powerful rally had pushed the stock into record territory. In Monday’s premarket session, GOOGL traded 0.78% higher at $283.5, extending its consistent bullish monthly run that has lasted since April. The stock closed October up 16.5%, marking its strongest monthly gain of 2025 so far and showing continued investor confidence following a stellar third-quarter report and the Federal Reserve’s rate cut.

- Alphabet stock gains 0.78% premarket, a follow-through on October’s 16.5% bullish gain

- Alphabet achieved its first-ever $100 billion quarter, driven by AI and Cloud expansion.

- Alphabet eyes $300 target while RSI at 77 signals possible short-term exhaustion.

Last week’s surge was driven by Alphabet’s breakout earnings performance that confirmed the company’s dominance across Search, YouTube, and Cloud services. The tech giant achieved its first-ever $100 billion quarter, a milestone underscored by CEO Sundar Pichai’s remarks on the accelerating role of artificial intelligence in the company’s operations. Google Cloud revenue rose 34% to $15.2 billion, powered by a wave of enterprise AI deals and a contracted backlog of roughly $155 billion. The company also raised its 2025 capital spending forecast to between $91 billion and $93 billion, surpassing Meta, reflecting growing commitment to AI infrastructure.

Alphabet price dynamics (Sept - Nov 2025). Source: Tradingview

Beyond earnings, Alphabet received a significant legal relief that helped sustain investor optimism. A federal judge ruled against imposing penalties that could have threatened Google’s payments to Apple for being the default search engine on Safari—a partnership worth over $20 billion annually. The decision eliminates a major regulatory overhang that had weighed on sentiment, clearing the way for further gains in the stock.

GOOGL outlook supported by 32% free-cash-flow growth despite valuation worries

Technically, the 20 EMA on the one-hour chart provided strong support following last week’s mild retracement, allowing GOOGL to regain upward momentum. The daily RSI, now at 77, shows that the stock is in overbought territory, raising questions on whether the rally represents strong momentum or the start of exhaustion.

Investors are now divided. Bulls believe Alphabet’s robust fundamentals, massive free cash flow growth of 32% year over year, and AI-driven outlook could justify higher valuations. Bears, however, warn that such accelerated gains may echo the speculative enthusiasm of the early-2000s tech boom.For now, the near-term objective for GOOGL remains the $300 psychological level. If bullish momentum persists, this round number could serve as the next target before investors begin considering profit-taking.

We discussed how Alphabet shares surged 6% to a record $291.5 before trimming gains. Cloud revenue jumped 34% to $15.2 billion, strengthening the company’s AI-driven momentum.

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