Alphabet’s Longest Rally Since 2010 Underlines Earnings Optimism

After months of underperforming their tech peers, Alphabet Inc. shares are finally showing signs of life as investors bet that a strong earnings performance will outweigh concerns about a looming antitrust ruling.

The stock just rose for a tenth straight session, its longest streak of gains since 2010, and turned positive for the year ahead of results that are expected to bolster sentiment about the company’s position in artificial intelligence. The rebound comes even as a ruling in the Justice Department’s case over Google’s internet search monopoly is expected by August, with a breakup among the potential outcomes.