Alphabet stock extends 8-month winning streak as AI dominance fuels bullish momentum

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Alphabet targets $340 amid AI investor confidence.

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Sholanke Dele

26.11.2025

Alphabet stock extends 8-month winning streak as AI dominance fuels bullish momentum — Alphabet has surged nearly 18%

Alphabet Inc. [GOOGL] has powered through a remarkable multi-session rally, gaining nearly 18% from its recent trough as investor sentiment turns decisively bullish. The upside has coincided with a consistent increase in daily traded volumes, despite the stock registering overbought signals across major timeframes from the 4-hour to the monthly chart. This sustained momentum reflects strong confidence in Alphabet’s AI strategy and macro tailwinds currently favoring large-cap tech.

- Alphabet has surged nearly 18% month-to-date as AI catalysts fuel the sustained rally.

- Gemini 3.0 launch and Meta chip talks reinforce Alphabet’s leadership in AI markets.

- Berkshire stake and rate cut hopes amplify investor confidence in large-cap tech momentum.

The spark for the rally was Alphabet’s Q3 earnings, which beat estimates and immediately triggered a shift in positioning. That sentiment gained further traction after the rollout of Gemini 3.0, the latest version of Alphabet’s flagship AI model. Independent benchmarks have ranked Gemini ahead of OpenAI’s ChatGPT in key performance metrics, reinforcing perceptions of Alphabet’s leadership in the AI arms race. That competitive edge is being priced in fast.

Alphabet price dynamic (Nov 2025). Source: Tradingview

In parallel, reports surfaced that Meta is in talks to spend billions on Alphabet’s AI chips, suggesting future revenue streams from its Tensor Processing Units. The market has interpreted this as a clear attempt to capture a meaningful portion of Nvidia’s GPU market, particularly as Alphabet’s TPUs are viewed as both cost-efficient and more secure for enterprise applications.

Alphabet traders eye $315 EMA support in case of short-term pullback consolidation

Adding to the bullish backdrop, Berkshire Hathaway’s stake in Alphabet has amplified retail and institutional appetite. It has acted as a form of validation for investors who had previously viewed the stock as too expensive or speculative due to its AI narrative. On the macro side, renewed expectations for a potential Fed rate cut in December have also played a key role in expanding the multiple for large-cap growth stocks.

On Wednesday’s premarket, GOOGL extended gains another 1.5% to $328.80, testing the previous session’s high. The stock is already up over 9% for the week, on track to surpass last week’s gain of 8.6% if current levels hold. This has brought the month-to-date performance to nearly 18%, marking the eighth straight month of gains.

While overbought signals are present, the strong upward pace keeps short-term momentum in favor of the bulls. If Wednesday’s strength carries through into the cash session, a move towards $340 is possible. However, if the price stalls or pulls back, support sits near $315, anchored by the 20 EMA on the 1-hour chart.

In recent analysis, we discussed how Alphabet rallied 9% in two days as Gemini 3.0 and the Meta chip deal boosted sentiment. The stock surged 2.6% on Monday, its largest single-day gain since September.

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