Alphabet Inc. Stock Surges 2.25% with $51.57 Billion Trading Volume as $32 Billion Wiz Acquisition Boosts Cloud Security Leadership

Generated by AI AgentAinvest Market Brief
Monday, Mar 24, 2025 8:32 pm ET1min read
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On March 24, 2025, Alphabet Inc.GOOGL-- (GOOGL) saw a 2.25% increase in its stock price, marking two consecutive days of gains with a total increase of 3.00% over the past two days. The company's trading volume for the day was $51.57 billion, making it the 11th highest in the market.

Alphabet Inc. has announced its largest acquisition to date, purchasing the cybersecurity startup Wiz for $32 billion. This strategic move is aimed at enhancing Alphabet's AI and cloud security capabilities, positioning the company as a leader in the rapidly evolving field of cloud-native application protection platforms (CNAPP).

Wiz's cloud security platform will be integrated into GoogleGOOGL-- Cloud's offerings, significantly boosting its ability to protect customers' cloud environments. This acquisition is expected to strengthen Alphabet's competitive edge in the market, as Wiz's technology is already used by major cloud providers, including AWS, Azure, and Oracle. However, AlphabetGOOG-- has assured that Wiz will continue to be available across all major clouds, maintaining its neutrality in the market.

The deal, valued at $32 billion, is subject to regulatory approval and is expected to close in 2026. The acquisition has garnered positive feedback from retail traders, who view it as a strategic move that will enhance Alphabet's cloud security offerings and solidify its position in the AI and cloud security sectors.

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