Alphabet shares are higher as the market leans back into the company’s AI-and-cloud narrative, with attention on Google Cloud security after Alphabet closed its $32 billion all-cash acquisition of Wiz in March 2026. Traders are also positioning for the next catalyst—Alphabet’s Q1 2026 results expected later in April—after the company’s Feb. 4 release showed Q4 2025 revenue of $113.8 billion, reinforcing the durability of core ads while it scales AI and cloud.

Wiz gives Google Cloud a larger footprint in cloud security, a key buying criterion for enterprise customers and a competitive wedge against larger hyperscalers. With the acquisition now closed, investors are shifting from regulatory-risk headlines to execution: product integration, cross-selling into Google Cloud’s installed base, and whether security attach rates can help support higher-value enterprise deals as AI workloads expand.

Near-term focus is on whether Alphabet can keep pairing AI product momentum with evidence of payback, especially with elevated infrastructure investment plans. The next earnings report is expected to provide updated color on cloud demand, AI monetization, and spending cadence, which could determine whether today’s rally extends or fades into the print.