Alphabet shares closed at $343.50 on October 2 after rebounding 1.56% from the prior session, trading within a recent range of roughly $335–$355 amid elevated volatility. Strong Google Cloud growth and AI infrastructure investments, including raised full-year capex guidance to $195–205 billion, continue to underpin sentiment following the July earnings beat, though heavy spending has pressured near-term margins and free cash flow. Traders will monitor broader equity futures, Treasury yields, and any incremental updates on Gemini model adoption or regulatory developments heading into the October 5 close, with the stock’s implied probability for finishing above key nearby levels reflecting these macro and company-specific flows.