Google Faces a Rising Bar to Impress Investors With Its Results

Key Takeaways

• Expectations are rising ahead of Google parent Alphabet’s earnings report on Wednesday.

• Recent wins for Google’s AI models and growing chip business have helped power shares to record highs this year.

Google parent Alphabet could face an increasingly difficult bar to clear to impress investors with its quarterly results tomorrow.

Expectations are rising ahead of what analysts are projecting could be a blockbuster report from the tech giant, after a series of new partnerships and wins for its AI models that have boosted enthusiasm for the shares, amid a broader tech rally and improving sentiment around the AI industry.

Shares of Alphabet (GOOGL) have rallied to record highs in recent weeks, with the shares up 11% since the start of the year compared to a 4% rise for the S&P 500. Among the the Magnificent…