Alphabet Inc Class A
Its recent earnings clearly demonstrated Google's dominant position in the market. On July 26th, the stock price experienced a significant 5.79% increase, marking a noteworthy leap forward.
This surge was a direct result of their positive Q2 earnings report, which exceeded expectations with a reported 1.44, surpassing the predicted 1.34. This earnings report acted as a catalyst for the remarkable upward movement seen in Google's stock price.
In just two days, the stock price increased again, reaching a high of $133 and maintaining its upward trend. However, like any stock, there is going to be some volatility.
After reaching the peak, the stock price started to correct, but there are strong support levels in place below to prevent a significant drop.
The first support level lies at the January 2022 low of $124.50, providing a solid foundation.
In the event of further decline, the next level of support can be found at the August 2022 high of $122.43, offering additional stability. These support levels serve as solid safety measures for investors.
Despite the recent dip, Google's stock price continues to exhibit resilience and growth, boasting an impressive upward trend of over 43% for the year.
This achievement goes hand in hand with their commitment to revolutionizing the AI industry.
In line with their belief in the transformative potential of AI, Google has recently introduced a training program in the UK.
This program aims to equip both workers and bosses with essential AI skills, offering a ray of hope for individuals, businesses, and organizations looking to navigate the complex world of AI technology, making it accessible to a broader audience.
Google's success is unstoppable as they persistently expand their company and bring AI technology to more people. Additionally, their stock's current trajectory is promising, pointing towards a continued ascent towards its all-time high at $151.55.
After the closing bell on Thursday, August 3, the stock closed at $128.45, trading up by 0.05%.
