Alphabet (NASDAQ: GOOGL) reported record-breaking third-quarter earnings, surpassing $100 billion in revenue. The company’s net income soared to $34.97 billion, with earnings per share beating expectations by 58 cents. Google Search revenue reached $56.56 billion, while Google Cloud revenue surged 35% year-over-year to $15.15 billion.

Alphabet’s strong performance has propelled the stock up roughly 50% year-to-date, making it one of the market’s top leaders. The company’s AI-first strategy has translated into significant financial growth, with advertising revenue exceeding $74 billion in the quarter. Alphabet is now a dominant force in tech and AI, leading the industry.

Despite its impressive run, investors are questioning whether Alphabet is still a buy at current prices or if they should wait for a better entry point. The company’s continued investment in data centers and advanced semiconductor development, along with its raised capital expenditure targets, indicate that Alphabet is preparing for further growth and global AI adoption.

While Alphabet’s fundamental setup looks exceptional, the stock’s recent surge may suggest a short-term cooldown is possible. Pullbacks to prior resistance levels could offer better risk-to-reward entry points for investors. However, Alphabet’s strong performance and momentum make it a long-term winner, reinforcing its position as a dominant force in the market.

Read more at Nasdaq: Is Alphabet a Buy After Its Blowout Earnings?