Key AI optimism drives Google stock to fresh record highs

Keeping momentum strong, Google parent Alphabet saw its stock hit a record high as strong advertising recovery and accelerating AI monetisation boosted earnings optimism. The rally placed the stock among a select group of top-ranked market leaders. Investors responded to improving cloud profitability, disciplined cost control, and expanding generative AI adoption, reinforcing confidence in Alphabet’s long-term growth trajectory across digital advertising and enterprise technology markets.

Elon Musk is reportedly exploring a merger between SpaceX and his artificial intelligence venture xAI. The move could combine SpaceX’s vast satellite infrastructure with xAI’s large language models to strengthen AI capabilities. Analysts say integration may accelerate AI training, data access, and defense applications, while raising governance, competition, and regulatory concerns around concentration of power across technology, space, and artificial intelligence industries globally today evolving.