Like we've discussed many times before, Google was strongly undervalued, being probably the best AI technology integrator into the broadest range of search and video options, most popular among global customers' audience. Now is exactly the moment when any unbiased observer could watch the bullish momentum in Google stock is developing by seven-mile steps, meaning a 7% lump-sum run-up in its market value on Wednesday's pre-market. Current levels well above $180 is a good start for a new air of purpose about Google to drive it further on the road to $200 and then 10% to 15% higher. Stock analyst Brent Thill at Jefferies is talking about a "gem of a quarter" delivered by Google-parent Alphabet, with his investment bank's proper price targets ranging from $220 to $235, as an example, despite this man especially mentioned Google earnings at CNBC as "most controversial" tech earnings just a few days before the business indicators come out. Important pieces of Q3 earnings' puzzle stack up together perfectly last night for Google. Alphabet's core advertising business revenue added 10.4% YoY after climbing from $59.65 billion to $65.85 billion. Its most disputable YouTube component rose by even stronger 12.2% against $7.95 in the same period of 2023 to reach $8.92 billion vs $8.66 billion in Q2 and $8.10 billion in Q1. Besides, Google cloud division really outdone itself this time, even though it always shows impeccable form, as the firm's cloud sales suddenly got better condition to a whole billion of Dollars to jump from $10.35 billion in the previous quarter to $11.35 billion (+9.6% QoQ), compared to $8.41 billion in Q3 2023, performing at +35% YoY. These amazing contributions naturally resulted in smashing historical records on both the top and bottom lines of the report. An indication of $2.12 in terms of earnings per share, on total revenue of $88.27 billion, was 15% better than consensus expectations at $1.84 per share, while $1.89 per share was previously the best quarterly achievement for the search giant.

Google earnings predates four more quarterly releases of Wall Street’s “Magnificent Seven”, which would be delivered by Meta Platforms and Microsoft after the regular market's finish today, followed by Apple and Amazon tomorrow night. I have my stakes in all the four giants, though a smaller size in Microsoft, a bigger size in Meta and Amazon and a middle-size in Apple, as I have a good feeling concerning this tech earnings season among its flagship firms.