Google shares soared to an all-time high, propelled by robust growth in its core online advertising business and expanding cloud computing services.

The company’s stock price exceeded $700 for the first time in trading, marking a significant milestone for the tech giant.

Analysts attribute the surge to several factors, including:

• Strong performance in search advertising
• Growth in mobile advertising revenue
• Expansion of Google Cloud Platform
• Positive investor sentiment towards Google’s innovation

The record share price underscores investor confidence in Google’s ability to maintain its dominance in the online advertising market and capitalize on emerging opportunities in cloud computing and artificial intelligence.

Google’s continued investment in research and development is also seen as a key driver of its long-term growth potential.