Google stock hit a new all-time high after two months of consolidation, with an intraday peak of $382.63. Last year, the market was worried that Google might be disrupted by AI, and its search gateway could be taken over by ChatGPT. But now, the stock price has been repriced, and the answer from the capital market is clear: Google isn’t the one being eliminated by AI. It’s the one collecting taxes in the AI era. Search, YouTube, Android, Cloud, Gemini—stack these together, and that’s its true moat. Another big winner in the AI game.