The stock market closed sharply higher on Monday, kicking off the shortened Thanksgiving trading week with strong momentum. The gains were fueled mainly by Alphabet (GOOGL), which reignited the AI trade and sparked a broader tech rally. Investor confidence also strengthened on rising expectations of an interest rate cut in December.
Overall, S&P 500 jumped 1.6% to 6,705, while NASDAQ soared 2.7% to 22,872.
Tweet of the Day
Great take on the current state of the stock market: https://t.co/AgytEsxl4M
— David Sharek (@GrowthStockGuy) November 21, 2025
Chart of the Day
Here is the one-year chart of Alphabet (GOOGL) as of November 3, 2025, when the stock was at $284.
Alphabet has fully embraced AI, with Google Cloud having another strong quarter of growth driven by cloud revenue. Google Cloud had revenue soar 34% last quarter driven by strong demand for Enterprise AI. Cloud backlog — which represents the total value of cloud service contracts signed by Alphabet that has not yet been converted into revenue — grew a whopping 82% from the previous year, mainly due to strong demand for Enterprise AI. Revenue from products built on the company’s generative AI models increased by over 200% year-over-year.
Alphabet continues its aggressive investment in AI infrastructure due to the demand from Cloud customers and growth opportunities. Since the end of the quarter, Alphabet has since launched its new AI assistant: Gemini 3.0. This new Gemini has blown away investors as it has immediately become the best AI assistant in the world.
GOOGL is part of our Growth Portfolio, Conservative Growth Portfolio, and Aggressive Growth Portfolio.
