AlphabetNASDAQ: GOOGL

In a particularly fruitful week for many participants in the stock market, the stocks of Google parent Alphabet (NASDAQ: GOOGL) have joined the new all-time high (ATH) club, and they continue to race on the wings of positive developments and optimistic expectations.

Alphabet Inc (NASDAQ: GOOGL) has already gained some 40% since its year-to-date low in early March but analysts at Jefferies remain convinced it can push further to the upside in the coming months.  Shares of the tech titan currently pay a dividend yield of 0.43%.

The ongoing bullish sentiment around the stock market has been primarily attributed to companies venturing into the artificial intelligence (AI) sector.

Long before AI chatbots like ChatGPT gained public attention, Alphabet Inc Class A GOOGL was already using AI in key areas like Google Docs, Gmail, and its advertising platforms, which are major revenue sources.

Companies such as Netflix, Alphabet, NVIDIA, and Super Micro Computer are anticipated to gain from the current Nasdaq surge.

Alphabet's stock is close to starting a bullish trend.

The National Highway Traffic Safety Administration started looking into Alphabet's Waymo robotaxi fleet on Tuesday after reports of traffic violations and collisions with gates, chains, and parked cars. This is the fourth investigation into self-driving systems by regulators this year.

Google, a subsidiary of Alphabet (GOOGL), joins forces with HP to bring Project Starline to the commercial market for businesses, expanding its footprint in the realm of 3D video conferencing.

Investors are concerned about the upcoming announcement from OpenAI. While ChatGPT has not affected Google search yet, it has the potential to do so in the future.