Alphabet Inc. (GOOGL) is showing positive momentum in the stock market, trading near a historic low forward price-to-earnings (P/E) multiple while technically entering a bull market with a gain of over 20% from April lows. The stock has repeatedly traded above its 200-day moving average recently, signaling potential strength. Market participants note that GOOGL faces resistance around the $175 to $176.77 range, with key support at $166 and a potential breakout target near $180 to $181. The company’s AI capabilities, particularly its Gemini 2.5 Pro model, are highly regarded, with some sources suggesting it is the leading AI model across various benchmarks. Alphabet’s AI stack includes the TPU chip ranked second after Nvidia, the Gemini model considered the best and most cost-effective, and leading positions in search, YouTube, Maps, productivity, cloud services, and consumer hardware such as Pixel, Chromebook, and Waymo. Integration of Gemini across Google Cloud Platform (GCP) is expected to enhance enterprise adoption and capabilities. Overall, investors appear optimistic about Alphabet’s AI leadership and stock performance as it consolidates gains and tests resistance levels.