Movement Alert|Alphabet Rises 3.41% in Regular Trading, AI Ecosystem Expansion and Market Cap Surpasses Apple to Become World Second-Largest

Market Focus
Aug 03

On August 3, Alphabet rose 3.41% in regular trading, trading at $372.87/share, with turnover of $1.903 billion. The stock's total market capitalization reached $4.53 trillion, surpassing Apple to become the world's second-largest publicly traded company.

On the news front, Palo Alto Networks announced a partnership with Google Cloud to further expand its cloud security ecosystem, reinforcing Alphabet's position in enterprise AI infrastructure. Meanwhile, the options market signaled bullish sentiment, with a $3.86 million block trade targeting $410-$470 call options.

The move extends a multi-day rally fueled by sustained AI investment catalysts. Earlier this week, Alphabet backed a $15 billion financing deal for a 1.6-gigawatt Texas AI data center serving Anthropic, with Google providing financial guarantees and TPU chip supply in exchange for approximately 20% project equity. Google DeepMind also launched its Gemini Robotics 2 model, and the company continues advancing its next-generation Frozen V2 TPU chip designed to reduce reliance on external packaging technology.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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