Alphabet, Google's parent company, has overcome antitrust fears and AI competition from ChatGPT, showing remarkable resilience. Its stock has surged nearly 70% in 12 months, reaching record highs, driven by strong earnings, innovative AI like Gemini 3, and robust cloud growth. Analysts suggest investors should hold on, as the company's solid execution and AI investments position it for continued success, making it an attractive, though no longer cheap, investment.