Nasdaq Posts Best Monthly Gain Since April 2020
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy GOOGL?
Source: Newsfilter
- Nasdaq Rebound: The Nasdaq Composite surged 15.29% in April, marking its best monthly performance since April 2020, reflecting strong market confidence in tech stocks amid rising AI demand.
- Strong Earnings from Tech Giants: Alphabet, Amazon, and Microsoft all reported earnings that exceeded expectations this week, with Alphabet's stock rising 10% post-earnings and climbing 34% for the month, representing its best performance since going public in 2004.
- Chip Stocks Shine: Chip stocks performed exceptionally well in April, driven by ongoing demand for data centers, with Micron and Advanced Micro Devices surging 53% and 74%, respectively, while Intel's stock doubled, achieving its best monthly performance in 55 years.
- Market Confidence Restored: Despite earlier pressures on tech stocks due to AI-related uncertainties, the strong rebound in April signifies a restoration of market confidence, with the Nasdaq up 7% year-to-date, largely attributed to April's gains.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to fall
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 384.800
Low
305.00
Averages
374.25
High
400.00
Current: 384.800
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Increased Capex Guidance: Management raised full-year capital expenditure guidance to as much as $190 billion, a staggering figure that not only reflects the company's confidence in future growth but also demonstrates its commitment to achieving long-term dominance in the AI sector.
- Strong Demand for AI Services: Demand for Gemini-powered services has exceeded market expectations, significantly enhancing Alphabet's profitability in the AI space, indicating that the company is not just surviving but leading the industry transformation.
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See More
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- Lawsuit Background: Musk repeatedly asserted in court that OpenAI's founding mission has been betrayed, claiming that his $38 million donation was used for unauthorized commercial purposes, a charge that could significantly impact OpenAI's reputation and future funding prospects.
- Business Model Shift: OpenAI transitioned to a for-profit model in 2018, and after launching ChatGPT, its valuation soared to over $850 billion, which Musk argues has diverted the company from its original charitable goals, potentially leading to a decline in public trust.
- Damages Request: Musk's legal team is seeking up to $134 billion in damages from OpenAI and Microsoft, along with the removal of Altman and Brockman from their positions, a request that, if granted, could have severe repercussions for the executives' careers.
- Future Outlook: Both Musk and Altman are pushing their respective companies towards IPOs, with SpaceX having filed confidentially with the SEC, and its upcoming offering expected to be one of the largest in history, which will have profound implications for capital flows in the tech industry.
See More
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- Lawsuit Background: Musk filed a lawsuit against OpenAI, CEO Altman, and President Brockman in 2024, alleging they breached promises to keep the AI startup nonprofit, seeking damages up to $134 billion, which could significantly impact OpenAI's operations.
- Musk's Testimony: Over three days, Musk asserted his contributions to OpenAI, including a $38 million donation in 2015, accusing Altman and Brockman of profiting from the charity, stating, "You can't just steal a charity," highlighting the ethical implications of their actions.
- Business Impact: Following the launch of ChatGPT, OpenAI's valuation soared to over $850 billion, while Musk, after leaving the board in 2018, founded competitor xAI, which was valued at $250 billion upon merging with SpaceX, illustrating the intense competition in the AI sector.
- Future Outlook: Judge Gonzalez Rogers has split the trial into liability and remedies phases, with the liability phase expected to conclude by May 21, and the jury's advisory verdict could lead to significant changes in OpenAI's structure and operations moving forward.
See More
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- AI Investment Surge: U.S. hyperscalers are projected to invest $670 billion in AI infrastructure in 2023, with analysts predicting this figure could rise to $770 billion by 2026, highlighting the profound impact of AI investments on the overall economy.
- Industry Revenue Boost: The AI investment boom is driving revenue and profit growth across various sectors, particularly in cloud computing and semiconductors, with Nvidia and Micron Technology rising 20% and 61% in April, respectively, reflecting strong market demand for AI-related technologies.
- Surging Power Demand: Due to the immense power needs of AI data centers, Dominion Energy plans to invest nearly $55 billion in building facilities to support these demands, demonstrating the far-reaching effects of AI on the energy sector.
See More
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- Generative AI Leader: Alphabet's Gemini models are industry frontrunners, with Gemini 3 surpassing OpenAI and Anthropic's frontier models at launch, leading to a significant licensing deal with Apple that is expected to enhance Siri's market competitiveness.
- Surge in Cloud Demand: Google Cloud's revenue grew 36% in 2025, accelerating notably in Q4, driven by its custom tensor processing units (TPUs) outperforming general-purpose GPUs in AI training and inference tasks, further solidifying its market position.
- Leading Quantum Computing Research: Alphabet's advancements in quantum computing were highlighted in October when it demonstrated an algorithm running 13,000 times faster than on classical supercomputers, paving the way for breakthroughs in drug discovery and materials science.
- Robotaxi Service Expansion: Alphabet's Waymo subsidiary is rapidly expanding its robotaxi services across the U.S., now serving 11 cities and recently opening to the public in Miami and Orlando, with a latest funding round valuing it at $126 billion, indicating potential for meaningful revenue growth.
See More
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- AI Technology Leadership: Alphabet's Gemini models have outperformed frontier models from OpenAI and Anthropic, leading to a significant licensing deal with Apple, which is expected to drive further growth in the AI market.
- Surge in Cloud Demand: Google Cloud revenue increased by 36% in 2025, with a notable acceleration in Q4, reflecting strong demand from developers and enterprises for its AI services, thereby solidifying Alphabet's leadership in the cloud computing sector.
- Quantum Computing Breakthrough: Alphabet's research in quantum computing achieved a significant milestone by demonstrating an algorithm running 13,000 times faster than on classical supercomputers, indicating potential breakthroughs in drug discovery and materials science, enhancing its technological edge.
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See More
