Google stock jumped 10% this week, fueled by cloud, ads and hope in AI

The company's second quarter earnings bolstered the company's stock.

Alphabet's stock rose 10% this week after reporting better-than-expected second quarter earnings and revenue.

Investors appear relieved the company's growth remained steady despite headwinds and an expected CFO change.Google CEO Sundar Pichai speaks onstage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018.Shares of Alphabet's stock jumped 10% this week after the company reported second quarter earnings that showed growth despite a tough ad market.

Share price for the Google parent company reached $132.58 as of Friday's market close, representing its highest close price in more than a year.

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