Checking in on my Alphabet position today, which is currently sitting at a +21.51% gain with the price hitting $397.80. My average entry cost was $327.36, and the rally over the last few weeks has been incredible to watch.

​The primary driver here was the blowout Q1 earnings report where revenue hit nearly $110 billion and Google Cloud grew an insane 63%. It’s clear that their massive AI investments are finally translating into big enterprise contracts, especially with that $460 billion cloud backlog.

​Looking ahead, I’m holding tight through Google I/O next week (May 19–20). I want to see how they further integrate Gemini across their ecosystem. While the high capex for AI (forecasted at $180B–$190B for the year) is a potential risk to watch, the resilience of their search ads business which grew 19% last quarter gives me plenty of confidence in the long-term thesis.