Alphabet stock rises on Q1 earnings beat, cloud growth

Alphabet (GOOG.OQ) jumped after reporting a Q1 earnings beat and strong cloud momentum, lifting the stock more than 5% in early trading and roughly 30% over six months. EPS of $5.11 and $109.9B revenue topped consensus, while Google Cloud revenue of $20.03B beat estimates and backlog nearly doubled to over $460B—supporting optimism about ongoing AI-driven demand. Alphabet also announced it will sell custom TPU chips to select third parties and raised its capex outlook, signaling heavier investment in AI infrastructure. The results and strategic AI moves strengthened Alphabet’s competitive stance versus peers (AMZN, MSFT, NVDA, AMD, AVGO), prompting bullish analyst commentary about 2027 growth potential.