Alphabet Class C Doubles Down on AI Power Play

Alphabet Class C ( (GOOG) ) has been popular among investors this week. Here is a recap of the key news on this stock.

Alphabet Class C, the parent of Google, has had a busy week that underlines both its product momentum and long-term infrastructure and talent strategy. Google quietly began rolling out a long-awaited feature allowing users to change their @gmail.com address without losing data or access to services, a move that could deepen user stickiness across its ecosystem. At the same time, Alphabet is shoring up its AI and cloud backbone with a $4.75 billion cash deal to acquire Intersect, a private builder of energy-linked data parks. The acquisition gives Alphabet tighter control over power, land, and build speed—three key bottlenecks in scaling AI data centers—and adds several gigawatts of energy and compute projects to its pipeline. Intersect will retain its brand and leadership but work closely with Google’s infrastructure team, supporting Alphabet’s push to expand AI-ready capacity in the U.S.

On the workforce front, Google plans to restart its PERM green card sponsorship process in 2026 for select U.S.-based employees, after largely pausing it in early 2023 amid mass layoffs. Eligibility will be restricted to higher-impact, office-based roles requiring degrees and experience, signaling a more selective approach to retaining foreign talent. In parallel, Alphabet’s Gemini AI model remains a core part of the Pentagon’s GenAI.mil platform, where it will soon be joined by Elon Musk’s Grok as the U.S. Department of Defense pursues a multi-vendor AI strategy. Despite regulatory, geopolitical, and infrastructure challenges around AI, Wall Street remains optimistic: analysts rate Alphabet Class C a Strong Buy, with average price targets around $326–$327 per share, implying a modest mid-single-digit upside from recent levels.