Shares of the tech titan soared nearly 10% in pre-market trading to $975 after reporting third-quarter results that topped Wall Street forecasts.
Google's revenue grew 12% to $14.89 billion, while generating profit of $10.74 per share. Analysts had expected earnings per share of $10.34 off $14.8 billion in revenue.
Investors believe the company's Enhanced Campaigns, a new advertising system launched last summer, will fuel growth and adapt well to a world where consumers are shifting more toward smartphones and tablets.
Meanwhile, shares of AMD plunged 9% after revealing its fourth quarter sales may fall short of estimates off weaker PC demand.
Bloomberg reports the company raked in $48 million in profit for the third quarter, along with a 15% boost in sales. However, the company predicts $1.49 billion in revenue for the fourth quarter. Analysts were estimating revenue of $1.52 billion.
AMD is heavily invested in the next wave of video game consoles, having built processors for Sony's PlayStation 4, Microsoft's Xbox One and Nintendo's Wii U.
Follow Brett Molina on Twitter: @bam923.
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