Alphabet shares rose 0.34% to $289.14 as of 9:53 a.m. ET on November 10, after Anthropic's amended registration statement showed Google committing about $10.0 billion to buy shares at the IPO price. Anthropic set a range of $70 to $78 per share, and seven companies are buying $26.0 billion of nonvoting Class N shares, with Google and Nvidia each taking $10.0 billion. At the $74 midpoint, $10 billion buys about 135.1 million shares, and Google's purchase partly funds investment obligations it had already committed.
JPMorgan removed Alphabet from its Analyst Focus List while keeping an Overweight rating on the shares with a $375 price target. The analyst said AI search monetization improvements could take time and that Alphabet's margins will likely be pressured over the next couple of quarters by bridge compute deals.
Google announced two new eighth-generation Tensor Processing Unit systems, the TPU 8i Max, built for large context windows, high compute density and agentic AI workloads, and the TPU 8tx, designed for confidential inference and data sovereignty. Google said it has introduced four distinct TPU systems within a single year. Alphabet shares jumped 3.4% in the morning session and later traded at $293.31, up 3.2% from the previous close.
Ritholtz Wealth Management CEO Josh Brown said on The Compound and Friends that Alphabet stock "could go down 50%" if Google's search share slips just 2%, and that he'd buy at $213 to $215. He noted Search & other revenue growth slowed to 12% in the third quarter from 19% in the first. Alphabet shares fell 13% the day after its Oct. 28 third-quarter report, when Search revenue came in light.
LikeFolio's Megan Brantley said demand trends for Alphabet are improving, led by momentum in Google Cloud, Gemini, advertising and streaming. She flagged the risk that AI agents could disrupt Google's core search business, but said Gemini's growing audience and diversified revenue streams help offset those concerns. Brantley compared Google Cloud with Microsoft Azure and said pullbacks in GOOGL could create opportunities for investors to accumulate shares.
Alphabet previewed a cryptocurrency custody service for financial institutions on Oct. 28, built on a platform called Multi-Party Compute (MPC) that splits each private key into several fragments held on separate, isolated computer systems. The system approves a transaction only if the spending complies with the owner's rules. At launch, MPC will support the transaction signing methods used by Ethereum and Solana, and Alphabet already uses the system to protect its own assets stored on both chains. The article also notes that on Oct. 30 the Binance exchange said hackers had stolen $6.3 billion from its coffers.
Google said in a blog post on November 5, 2026 that it will pay for 100% of the power used at its first Wyoming data center, a $17 billion long-term investment in Laramie County near Cheyenne. Two of the named power sources are gas-fired generation from Tallgrass Energy and Black Hills Energy. Alphabet Class A fell 2.20% to $282.57 and is down 18.73% over the past month, while Bloom Energy fell 16.41% to $167.52 and American Electric Power fell 1.91% to $126.77.
Mark Shmulik of Bernstein maintained a Hold rating on Alphabet Class A with a price target of $325.00, and the shares closed last Thursday at $282.57. The Street consensus is a Strong Buy rating with a $398.48 average price target, representing 35.6% upside. D.A. Davidson also maintained a Hold rating with a $300.00 price target in a report issued on October 29.
Alphabet announced a position in Qualcomm worth nearly $548 million, with the filing showing approximately 3 million Qualcomm shares as of September. Alphabet also raised its stake in SpaceX to over 555 million shares from 551.2 million earlier. Qualcomm shares were up more than 3% in premarket trade on the announcement. The filing does not clarify whether the two companies intend any commercial cooperation.
Alphabet's revenue rose 24.7% year on year to USD 127.6bn in 3Q26, its 13th consecutive quarter of double-digit growth, while Google Cloud operating income more than tripled year on year to USD 11.1bn. Capex of USD 51.4bn was 121.4% of operating cash flow, pushing free cash flow to negative USD 9.1bn from negative USD 5.9bn in 2Q26. Total debt more than doubled to USD 150.3bn since end-2025, but total debt/EBITDA of 0.81x and net cash of USD 39.6bn leave financial headroom.
Alphabet shares fell 14% after its third-quarter earnings, amid market concerns over slowing Search growth and high capital expenditures, according to the article. It says Alphabet's market capitalization stood at $3.54 trillion as of Nov 05, 2026, and that GOOG traded at $283.08 with a 1-day change of -1.47%, a dividend yield of 0.31% and volume of over 31 million shares. The article states the stock trades below 19 times estimated 2027 earnings with a fair value target of $375.
Alphabet filed a Form 8-K current report with the U.S. Securities and Exchange Commission dated November 5, 2026. The filing lists Class A Common Stock under the symbol GOOGL and Class C Capital Stock under GOOG on the Nasdaq Global Select Market, along with 2.375% Senior Notes due 2028.
