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Alphabet Rally Shows Investors Revaluing Its Position in Sovereign Cloud

Investing.com Logo Investing.com By Nathan Reiff
Alphabet Rally Shows Investors Revaluing Its Position in Sovereign Cloud

Alphabet's stock surged 4.97% after securing a multi-million dollar cloud infrastructure contract with NATO, highlighting the company's growing credibility in sovereign cloud and defense technology sectors.

Insights
GOOG   positive

Strong stock performance (66.30% YTD returns), significant NATO contract, robust financial fundamentals, positive analyst ratings, and strategic wins in AI and cloud infrastructure