Alphabet Hits $4.5T All-Time High After Q1 Earnings Rally Outshines Meta

Alphabet Inc - Class C shares surged, adding over $300 billion in market value to surpass $4.5 trillion market cap following blockbuster Q1 2026 results. The company reported $109.9 billion revenue (up 22% YoY), EPS of $5.11 (up ~82%), 19% Search growth, and Google Cloud at $20.0 billion (up 63% YoY) with a $460 billion backlog; capex guidance rose to $180–$190 billion. Investors rewarded Google's AI monetization clarity versus Meta's $175 billion wipeout, fueling sector rotation into GOOG amid AI infrastructure bets.