Alphabet Stock Surges to 8th in Trading Volume Amid $9 Billion AI Infrastructure Push in Virginia

Alphabet’s Class A shares rose 2.01% on August 28, with a trading volume of $6.81 billion, marking a 42.48% increase from the previous day and ranking eighth in market activity. The stock’s performance was driven by the company’s announcement of a $9 billion investment in Virginia’s AI and cloud infrastructure through 2026, including a new data center in Chesterfield County and expansions in Loudoun and Prince William counties. The initiative aims to address growing energy demands and enhance AI capabilities, positioning Google to compete more effectively with Amazon and Microsoft in the cloud sector.

The investment includes a $1 billion commitment to AI skills development, offering free access to the Google AI Pro plan for Virginia-based college students and launching workforce training programs. Collaborations with local institutions like the University of Virginia and Northern Virginia Community College aim to prepare students for AI-driven industries. Additionally, Google’s recent partnerships with Meta and Oracle—reportedly a $10 billion cloud services deal with Meta and a Gemini AI integration with Oracle—have bolstered its cloud momentum, signaling strategic progress in the AI landscape.

Despite these developments, Alphabet faces ongoing legal scrutiny. Forty-four states’ attorneys general are pressuring payment service providers to address deepfake pornography, while the DOJ investigates potential antitrust issues. Analysts remain cautiously optimistic, with most price targets above the current $207.48 level. Tigress Financial’s $240 target contrasts with Rosenblatt’s more conservative $191 estimate. The stock trades near its 52-week high and above its 200-day moving average, reflecting confidence in its long-term growth trajectory.

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