Victoria Bazir
⬤ Google (GOOG) is riding one of its most powerful rallies in years, notching eight consecutive monthly gains and climbing roughly 125 percent from its lows. The monthly chart shows a steep uptrend that reflects how AI demand is reshaping the company's market performance.
⬤ The chart reveals a rapid price expansion in recent months, forming a strong upside channel as Google cements its role in the AI momentum trade. Volume has stayed steady while price broke above previous ranges, with monthly candles closing near their highs. This surge mirrors growing market confidence in Google's AI product lineup and its expanding presence in generative models and cloud-based inference. GOOG has also beaten the S&P 500 on a yearly basis, with relative performance approaching multi-year highs.
⬤ The latest leg has pushed GOOG near the upper edge of its long-term trend structure, trading above 320. The highlighted zone captures the near-parabolic climb from late 2024 into 2025, as markets aggressively price in AI revenue growth and better margins. The move has lifted GOOG above major volume-weighted levels, suggesting limited near-term selling pressure as long as sentiment holds.
⬤ This matters because sustained strength in GOOG often signals broader optimism across mega-cap tech and AI stocks. Google's dominant position in search, cloud services, and large-scale model deployment makes it a key benchmark for AI-sector momentum. If the stock keeps climbing, it could boost confidence across the tech sector and drive more capital into AI growth themes.
Victoria Bazir
