Movement Alert|Alphabet Intraday Rise 3.06% in Regular Trading, Sector Rallies Amid AI Investment Momentum and Analyst Upgrade

Market Focus06-15 23:15

On June 15, Alphabet rose 3.06% in regular trading, trading at $367.845/share, with turnover of $1.909 billion. The Interactive Media & Services sector saw broad strength, with Meta Platforms up 5.18%, Reddit up 10.75%, and Pinterest up 6.26%.

On the news front, TD Cowen recently raised its target price for Alphabet from $450 to $475, maintaining a Buy rating. The upgrade comes as Alphabet aggressively expands AI infrastructure, having completed an $84.75 billion equity financing round in early June to fund data centers and computing capacity. Capital expenditure guidance was raised to $180-190 billion, roughly double the prior year's $91.4 billion.

Separately, Alphabet took steps to secure a Wyoming AI campus project after raising concerns over costs and timeline under Crusoe's management, with Google working to finalize computing purchase agreements with remaining partners directly.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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