Alphabet Inc. (NASDAQ: GOOGL) closed on Friday at $314.98, rising 4.01% amid a surge in trading volume of 51.9 million shares, 38% above its three-month average of 37.5 million. This increase follows the announcement of a Gemini AI enterprise rollout and a commerce partnership in Asia, indicating potential revenue growth from AI-driven services.
In terms of market context, the S&P 500 rose 0.70% to 6,910, and the Nasdaq Composite gained 0.90% to finish at 22,886. Notable peers in the tech industry included Meta Platforms (NASDAQ: META), which closed at $655.66, up 1.69%, and Microsoft (NASDAQ: MSFT), which finished at $397.23, down 0.31%.
Alphabet plans to invest $175 billion to $185 billion in AI infrastructure by 2026, with investors closely monitoring how this expenditure impacts profitability amidst current strong cash flow and low leverage.
