Alphabet's $80.92 Billion Trading Volume Lands Fifth in Market Activity as Stock Surges

On July 22, 2025, Alphabet's trading volume reached $80.92 billion, ranking fifth in the day's market activity. Google A (GOOGL) shares rose by 0.65%, marking the tenth consecutive day of gains, with a 9.74% increase over the past ten days.

Alphabet is scheduled to release its Q2 results after the market close on July 23. Analysts anticipate an adjusted earnings per share (EPS) of $2.18, up from $1.89 a year ago. Current options pricing suggests that traders expect Alphabet's stock to move by approximately 6% or nearly $11 in either direction from Tuesday's close near $191.

Wall Street analysts are forecasting double-digit earnings and revenue growth for Alphabet, the owner of YouTube. The company is expected to report earnings of $2.14 per share on $79.25 billion in revenue, reflecting an 11.06% increase over the year-ago quarter. This forecast has remained stable in recent weeks, indicating analyst confidence heading into the report.

Alphabet's search engine remains a critical component of its business, and investors are closely watching for any signs of disruption from AI tools like ChatGPT and Claude. However, data so far has not confirmed any material erosion in Alphabet's search business. The company's native AI model, Gemini, is built on a vast amount of proprietary and real-time internet data, giving it a competitive edge in retrieval-augmented generation (RAG), an increasingly important aspect of commercial AI use.

Alphabet's stock is set to take the spotlight on July 23 as the first big tech name to report Q2 earnings. Analysts expect the company to report earnings per share (EPS) of $2.18 for the second quarter, above the $1.89 posted in the same period last year. The company is also expected to generate $13.1 billion in Google Cloud revenue, which would be up 26.8% from a year earlier.