Shares of Alphabet Inc., which is the parent holding company of Google, set their new all-time record. One of my cherished tech assets, and I've written about the serious bullish outlook for Google here many many times, so I'm very flattered that this ultimately happened. The intraday high has been achieved above $215 on August 29, with the weekly and monthly closing around $213.50. Sounds awesome, but why not dream bigger? As for me personally, I'm looking for at least another $20 gain per unit to climb to $235 in the coming months even before Christmas time.

The technical side of the stock is more or less clear, since there is a breakthrough well above the previous resistance area from six months ago - then Google shares climbed up to $208.70, and now they have already went 3% higher, which can be considered a signal for more extensive purchases. The S&P 500's touching a new milestone at 6,500 also creates a favourable overall market backdrop, especially since most projections of huge and famous investment houses moved towards 6,850 or even 7,000. This tiki-taka football tactic principle to approach the next target areas above 6,500 is based on short, quick movements of this or that tech stock to go high and higher and to maintain a kind of ball possession to break down the barrier's defence sooner or later. This year, it works all the time, as the bull team is currently strong and bears have no good forwards (i.e. reasons) to run away or pass across the field. Well, here we do not deal with a kind of game, it is a place to trade businesses. And so... what are the fundamental reasons for Google's business to value it potentially much better than the market?

Foremost, I am talking about the recently concluded, and for many unexpected, business partnership of Google with the owner of Instagram, Facebook and WhatsApp, Meta Platforms. Well, Meta is the giant on its own but it is essentially turning into a meta-client of Google, which emphasizes the superiority of the latter at this stage as the AI infrastructure provider for Meta's tasks. In the late August, Meta reportedly signed a $10 billion deal with Google to use Google Cloud’s servers, storage, and other capacities over the next 6 (!) years. Thus, expert discussions about whether Meta will catch up with Google in terms of search advertising fees, in a couple of years or so, are deeply overshadowed by the fact that even if Meta does, then Google will largely be the beneficiary of this process, and will also make money from Meta's race to catch Google, ha-ha.

Meta is partially abandoning its previous too challenging goal of building its own self-sufficient super intelligent AI tool to save hundreds of billions of dollars amid calls from investors about too expensive processes, that's it. Last month, Meta already raised its "bottom end" of capital expenditures for 2025 by $2 billion, to between $66 billion and $72 billion, and now they probably decided to adjust its expenditure course in another way. Very good for Meta stocks, even better for Google stocks, I think.

Another positive note is that Chat GPT creator OpenAI says it is just in talks with potential Indian partners to make a "large-scale" data center in the country. The facility will have a minimum capacity of one gigawatt, while global tech leaders "such as Microsoft, Google", and Indian-rooted Reliance Industries’ Mukesh Ambani have "already made significant investments". Open AI CEO Sam Altman may unveil the project during his upcoming visit to India this month, even though Open AI press service has so far declined to comment. I bet the news is true.

Finally, Google's own quarterly numbers continue to break historical records, both with its cloud revenues and profits and its ad business. Meanwhile, its paid clicks rise came to over 4% YoY, nearly doubled from 2% just in the previous quarter. This confirms a still growing pace of Google sales base.