Alphabet (GOOGL) shares closed near $347 on October 6, 2026, amid a nuclear-power agreement with Constellation Energy that bolsters long-term AI data-center capacity and supports the growth narrative for Google Cloud. Traders appear focused on this infrastructure catalyst alongside elevated capital expenditures and the October 28 earnings release, which will clarify revenue acceleration in Search, YouTube, and Cloud segments. The tight clustering of probabilities around $340–$360 reflects uncertainty over near-term volatility, broader equity sentiment, and whether AI-driven margins can offset regulatory and spending pressures, consistent with the stock’s recent 1–2% weekly moves and analyst targets well above current levels.