According to @StockMarketNerd, sell-side narratives on Alphabet (GOOGL) flipped from “search is dying” at roughly $150 and about 16x forward EPS to “best name in Mag7” near $320 and around 30x forward EPS, underscoring pronounced multiple expansion, source: @StockMarketNerd. For crypto traders, rising mega-cap tech valuations have historically coincided with stronger equity-crypto co-movement; Bitcoin’s correlation with U.S. equities has increased notably since 2020, indicating higher spillover risk from tech-led risk appetite into BTC, source: International Monetary Fund (IMF, Adrian/Iyer/Qureshi, 2022).