Alphabet at $346.89, 15% below its May peak
Updated on August 25, 2026. · Written by Gregorio
VERIFIED Alphabet (Google's parent company) closed the August 25, 2026 session at $346.89, down $1.17 (-0.34%) from the previous close, according to Trading Economics. Over the past month it has fallen 6.23%, but is up 67.47% over the last twelve months. Its market capitalization stands at roughly $3.91 trillion.
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Second quarter 2026 earnings call, published by the official channel Alphabet Investor Relations.
What is behind the move
HYPOTHESIS Several outlets attribute the past year's rally to Alphabet's massive spending on AI infrastructure — between $180 billion and $190 billion planned for all of 2026 — and to Google Cloud's growth, which rose 63% year-over-year to $20.03 billion with a record $462 billion backlog. The company also credits part of Search's revenue growth to its "AI Overviews" and "AI Mode" features. This is the reading circulating these weeks, not a fact independently verified by this site, according to Fortune and Yahoo Finance.
What this does not mean
HYPOTHESIS A 67% gain over twelve months does not mean the stock is trading at highs: Alphabet hit an intraday peak of $408.61 on May 18, 2026 and a record close of $402.62 on May 13, according to Yahoo Finance, so today's $346.89 sits roughly 15% below that peak, and it has fallen 6.23% in the past month alone. And Trading Economics' own forecast model puts the stock at $337.44 for the third quarter and $316.24 a year from now — both below today's price — a reminder that a large yearly gain can coexist with a model that does not expect it to continue.
Sources consulted on August 26, 2026: Trading Economics: Alphabet (GOOG) quote and statistics, Fortune: Google shares hit all-time high on blowout earnings, Yahoo Finance: Why Alphabet Stock Surged to an All-Time High.
Educational notice: this article is analysis based on public data, may contain errors, and is not financial advice. It is not a recommendation to buy or sell. The decision and the risk are always the reader's own.