--- title: "Alphabet (Google) Stock Forecast: New AI Robot Model Fuels 3% Rally as $360 Level Remains Hard to Break" type: "News" locale: "en" url: "https://longbridge.com/en/news/294508059.md" description: "Alphabet stock rose nearly 3% following DeepMind's release of new embodied AI models, including Gemini Robotics 2. This news boosted market confidence after a recent decline driven by high capital expenditure concerns. Despite the rebound to $338.95, analysts note significant resistance at the $360 level, formed by technical indicators like the Fibonacci 0.5 level and downward channel upper bounds, suggesting potential for further correction." datetime: "2026-07-31T11:46:53.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294508059.md) - [en](https://longbridge.com/en/news/294508059.md) - [zh-HK](https://longbridge.com/zh-HK/news/294508059.md) generator: "portal-rs" --- # Alphabet (Google) Stock Forecast: New AI Robot Model Fuels 3% Rally as $360 Level Remains Hard to Break TradingKey - DeepMind releases several new-generation embodied AI models, boosting the stock price in a near 3% rebound, but it may be difficult to break through the double resistance level of $360 in the short term. On July 31 Eastern Time, shares of Google's parent company Alphabet ( GOOG) surged nearly 3% in pre-market trading, briefly breaking through $340 and temporarily trading at $338.95. On the news front, Google DeepMind released several embodied AI models, including Gemini Robotics 2, Gemini Robotics ER 2, and On-Device 2, aiming to solve the long-standing challenges of whole-body coordination and movement dexterity faced by humanoid robots. Google's newly released next-generation robotic AI models demonstrate a breakthrough in combining large language models (LLMs) with physical-world terminals, timely rescuing oversold market confidence and catalyzing a strong rebound in its stock price. Previously, the market had been anxious and concerned about Google's monetization efficiency amid skyrocketing capital expenditures (CapEx) for generative AI and cloud, leading to a continuous decline in the stock price. On May 18 of this year, Alphabet's stock price surged past the $400 mark, rising to an intraday historical high of $405. Since then, its stock price has continued to slide, with the drop accelerating especially after the earnings report, falling to $315 on July 24, setting a near 4-month high and bringing the maximum drawdown to 22%. This week, Alphabet's stock price staged an oversold rebound, rising slightly in each trading session to recoup some of its previous losses and narrowing its decline over the past month. Currently, Alphabet's stock price is touching the middle line of the downward channel at $330, which exerts some resistance but is not strong, and it may further rise to $360, where it will face double pressure from the upper line and the median line (Fibonacci 0.5 level), potentially triggering a technical correction. Google stock price chart, Source: TradingView Find out more ### Related Stocks - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [GGLS.US](https://longbridge.com/en/quote/GGLS.US.md) - [GOOW.US](https://longbridge.com/en/quote/GOOW.US.md) - [GGLL.US](https://longbridge.com/en/quote/GGLL.US.md) - [GOOY.US](https://longbridge.com/en/quote/GOOY.US.md) - [GOU.US](https://longbridge.com/en/quote/GOU.US.md) - [GOOX.US](https://longbridge.com/en/quote/GOOX.US.md) - [GOOP.US](https://longbridge.com/en/quote/GOOP.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) ## Related News & Research - [Google Lost About $186 Billion After 4 of Its Top AI Researchers Left, but Sundar Pichai Says Google Will Be ‘A Founding Investor’ Anyway](https://longbridge.com/en/news/296636401.md) - [Google gives publishers a new way to fight AI-driven traffic losses](https://longbridge.com/en/news/296528419.md) - [India Orders Google to Shut Down Hundreds of Firebase Accounts After Bank Scam Wave: Report](https://longbridge.com/en/news/296605708.md) - [Google Is Reportedly Working with AMD for Its New TPU. What This Means for AMD Stock.](https://longbridge.com/en/news/296528134.md) - [ChatGPT can now text on a Mac owner's behalf, and OpenAI stays quiet on data](https://longbridge.com/en/news/296596494.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**