What Happened
Alphabet (Google) has emerged as the top holding in a highly-rated US growth fund that is capitalising on the broader AI infrastructure buildout — not just the headline names like Nvidia. The fund has reportedly generated gains of up to 240% from picks in the ‘unsexy’ side of AI: data centres, power infrastructure, and networking. Alphabet currently trades near $178.50, up approximately 1.8% over the past five sessions, while the Nasdaq Composite sits near 19,250, recovering from its April lows.
Key Levels — Alphabet (GOOGL)
- Support 1: $172.00 — recent consolidation base and prior breakout zone
- Support 2: $165.50 — 200-day moving average and major demand area
- Resistance 1: $182.00 — short-term swing high from March
- Resistance 2: $190.00 — psychological level and 2024 peak region
Technical Picture
Alphabet is trading above its 50-day moving average (~$174.20), which is a positive sign. The broader trend is cautiously bullish after the stock bounced off the 200-day MA in April. RSI sits near 57 — not overbought, leaving room for further upside. The Nasdaq is in a similar position, holding above the critical 19,000 support level that has acted as a floor three times in 2025.
What Traders Are Watching
A clean break and daily close above $182.00 on Alphabet would signal the next leg higher toward $190. On the downside, a drop below $172.00 would concern bulls and likely drag the Nasdaq back toward the 18,700 zone. Traders are also watching whether AI infrastructure stocks (data centre REITs, power utilities) continue to outperform headline AI chipmakers like Nvidia.
Bias
Bullish — Alphabet is holding above key moving averages with institutional fund support confirmed, and the AI infrastructure theme has broadening momentum beyond just semiconductors.