Alphabet Soars Following Major NATO Cloud Infrastructure Deal

Alphabet’s shares experienced a significant surge, climbing nearly 5% to reach $314.55, fueled by an announcement of a multi-million dollar cloud infrastructure contract with NATO. This deal marks a major strategic win for Google Cloud in the high-stakes realm of sovereign cloud and defense technologies. The partnership between Google Cloud and the NATO Communication and Information Agency (NCIA) is expected to drive growth in both companies’ cloud offerings.