Alphabet Inc. stock rose more than 3% on Monday as investors returned to mega-cap technology stocks amid a broad risk-on rally. The tech-heavy Nasdaq gained 3.02%, while the S&P 500 advanced 1.75%. Investor sentiment improved after the United States and Iran signed a peace agreement that ended hostilities and set the stage for the reopening of the Strait of Hormuz, easing concerns over global energy supplies. Crude oil prices fell roughly 5% to two-month lows, while Treasury yields declined to one-month lows.

Google Announces $1.5 Billion Alabama Data Center Expansion

Separately, Alphabet’s Google on Monday announced a $1.5 billion investment for 2026 and 2027 to expand its data center campus in Jackson County, Alabama. The facility, which has operated since 2019 on a repurposed former coal plant site, supports the company’s digital services and regional economic growth. As part of the expansion, Google will fund 100% of the project’s power and infrastructure costs.

The company also launched a $2 million Energy Impact Fund with the Tennessee Valley Authority and CAANEAL to support local energy-efficiency and weatherization programs. Google further pledged $550,000 for STEM education kits for fourth- through eighth-grade students. The company said the new initiatives build on its existing efforts in Alabama, including water stewardship projects, digital skills training for more than 130,000 residents and the creation of hundreds of jobs.

Technical Picture Remains Constructive

From a longer-term perspective, Alphabet continues to trade in an established uptrend. The stock remains about 20.6% above its 200-day simple moving average of $307.94 and roughly 10.3% above its 100-day moving average of $336.66. Shares also remain above the 50-day moving average of $362.26. However, near-term momentum has softened. The stock is trading about 1.3% below its 20-day moving average of $376.42, suggesting a period of consolidation following its recent advance.

The moving average convergence divergence indicator remains below its signal line, indicating that upside momentum has cooled even as the broader trend remains positive. Key resistance sits near $408.50, close to the stock’s 52-week high of $408.61. Key support is around $319.50, a prior demand zone that could attract buyers if the stock weakens.

Earnings And Analyst Outlook

Wall Street expects Alphabet to report second-quarter results on July 22. Analysts forecast earnings of $2.87 per share, up from $2.31 a year earlier. Revenue is projected to reach $113.54 billion, compared with $96.43 billion in the prior-year period. The stock carries a consensus Buy rating and an average analyst price forecast of $423.46.

Recent analyst actions include a Buy rating and $450 price forecast from Needham, a Buy rating and $420 price forecast from HSBC, and an Overweight rating with a $445 price forecast from Piper Sandler. Alphabet shares were up 3.31% at $371.60 at the time of publication on Monday.

Alphabet Inc.'s cybersecurity teams have identified an ongoing cyber extortion campaign targeting Oracle Corp.'s PeopleSoft enterprise software, attributing the activity to the hacking group ShinyHunters. Researchers at the Google Threat Intelligence Group and Mandiant revealed that the attackers exploited a previously unknown vulnerability in Oracle's enterprise resource planning platform. Since Oracle had not yet released a patch at the time, the vulnerability was exploited as a zero-day, allowing attackers to gain access to exposed systems.

The campaign was active between May 27 and June 9. PeopleSoft is widely used by organizations to manage human resources, finance, and supply-chain operations, making it a high-value target for cybercriminals. The exploitation occurred before Oracle released a security advisory on June 10, meaning organizations had no available fix during the attack window.

Attack Mechanics and Impact

Researchers reported that the attackers deployed customized MeshCentral agents disguised as legitimate cloud services. These tools allowed them to execute administrative commands and maintain covert access to compromised environments. Google stated that it notified more than 100 organizations whose systems appeared vulnerable, with the majority based in the U.S. About 68% of the affected entities were in the higher education sector.

Sector-Specific Targets

The following table outlines the distribution of affected entities based on the data provided by Google:

ShinyHunters is known for previous extortion campaigns against global firms. The group recently targeted education software provider Instructure in a separate incident. In April, ShinyHunters took responsibility for stealing nearly 80 million records from Rockstar Games by exploiting a third-party security flaw tied to cloud platform Snowflake Inc. and analytics firm Anodot.

Market Reaction

Alphabet Inc. Class A (GOOGL) rose 1.15% to $361.87 in Friday's pre-market trading, while Class C (GOOG) gained 0.96% to $360.