Alphabet stock is up 26.5% over the past year, closing at $320.21 on October 23, but remains 20.5% below its record close of $402.62 on May 13. The slide since May followed an $80 billion equity plan announced in June and a raised 2026 capex guidance of $195 billion to $205 billion, which pushed shares down 7.13% on July 23. According to Scotiabank estimates cited by Reuters, Anthropic has committed roughly $111 billion to Google Cloud, about 22% of the unit's disclosed backlog. Google Cloud CEO Thomas Kurian said the payback period on AI servers is less than 2 years in aggregate. Analysts expect revenue to rise from $500.14 billion in 2026 to $626.82 billion in 2027, with third-quarter results due October 28.
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GOOGLAnthropicvaluationcloud computingAI investment
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Related tickers and likely impact
GOOGL
▲ Likely positiveAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/23/2026 | 320.25 |
| Change that session | -1.22% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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