Alphabet (NASDAQ: GOOGL) has been lagging behind other tech giants but is now showing signs of a comeback. The stock is up 42% from its 52-week low, outpacing its peers and the market. A recent push into nuclear power for data centers and a $10 billion AI cloud deal with Meta are driving momentum.

Alphabet’s partnership with Kairos Power and the Tennessee Valley Authority will supply 50 megawatts of nuclear power to data centers in Tennessee and Alabama. This deal highlights Alphabet’s commitment to sustainable energy for its AI workloads. Another agreement with Meta Platforms for cloud services underscores the growing demand for Alphabet’s cloud platform.

GOOGL’s technical chart is showing bullish signals with a breakout into its late-2024 channel between $190 and $200. A break above $200 could set the stage for another leg higher, especially with positive news and strong Q2 earnings. Alphabet looks well-positioned both technically and fundamentally for future growth.

Read more at Nasdaq: Alphabet’s Breakout Potential: From Laggard to AI Leader