GOOGL, AMZN, SNDK Stocks Hit 52-Week Highs Today: What's Fueling The Rally?

• Google's parent’s first-quarter cloud revenue surged 63% to $20 billion. 
• Morgan Stanley raised its price target on Amazon to $330 from $300.
• Sandisk posted a sharp 251% increase in the third-quarter revenue year over year, reaching $5.95 billion. 

Alphabet (GOOG, GOOGL), Amazon (AMZN) and SanDisk (SNDK) all touched 52-week intraday highs on Thursday after a wave of strong quarterly earnings as investors responded enthusiastically to fresh signs that artificial intelligence is now driving revenue growth rather than acting as a long-term cost burden.

Alphabet Class A and Sandisk stocks rallied nearly 10% and over 3% respectively, while that of Amazon rose 0.7% higher. 

GOOGL Drives Cloud Expansion

Alphabet posted sharp earnings growth, powered by accelerating cloud adoption and stronger advertising performance tied to AI-enhanced search tools. Google's parent’s first-quarter cloud revenue surged 63% to $20 billion. 

The tech giant reported revenue of $109.9 billion, marking a 22% increase year-on-year. Earnings per share surged 82% to $5.11. Earlier in the day, Roth Capital increased its price target on Alphabet to $435 from $395 while maintaining a ‘Buy’ rating. 

The firm pointed to a solid Q1 performance that exceeded expectations, supported by momentum across multiple revenue streams and early benefits from AI deployment in search and cloud operations. 

AMZN Cloud Boom Continues 

Amazon’s rally followed a rise in Amazon Web Services growth, with the cloud division delivering its fastest expansion in more than three years, fueled by rising enterprise demand for artificial intelligence tools and ongoing cloud migration by large corporate clients. 

Amazon also highlighted rising revenue from its AI services, signaling that the technology is becoming a meaningful part of its overall business mix. The company is also scaling its in-house Trainium chip lineup while maintaining heavy use of Nvidia hardware. 

Morgan Stanley raised its price target on Amazon to $330 from $300 and kept an “Overweight” rating. The firm said the change reflects better-than-expected cloud performance and stronger confidence that rising demand for AI infrastructure will continue to boost revenue.

SNDK Emerges As AI Hardware Winner

SanDisk reported very strong growth driven by rising demand for data center memory. Its shift from consumer storage to serving large enterprise customers helped drive a big jump in earnings, as AI training requires more high-capacity storage. 

The company reported a staggering 251% year-on-year revenue growth to $5.95 billion in the fiscal 2026 third quarter, driven by higher pricing and data center demand.  

So far this year, SNDK stock has surged over 361%, while GOOGL and AMZN stocks have gained over 22% and 145 respectively.

Also See: MO Stock Eyes Best Week In Six Years: Altria’s Pricing Power Offsets Falling Cigarette Volumes In Q1

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