Lates News

Alphabet's stock price soared on Wednesday to its highest level in two months, with the main reason being its newly released Gemini 3 artificial intelligence model receiving high praise and inspiring investors' confidence in the company's position in the ever-changing tech landscape. The stock rose by as much as 6.9% intraday, marking its largest gain since early September and hitting a new all-time high. The broader S&P 500 index rose by about 0.5%, while the tech-heavy Nasdaq 100 index rose by 0.8%. The release of Gemini is the latest in a series of positive news for Alphabet. Earlier this week, Loop Capital upgraded the stock to a "buy" rating, and Warren Buffett's Berkshire Hathaway revealed last week that it had established a stake in Alphabet in the third quarter, showcasing the legendary investor's confidence.