Alphabet Stock Outperforms Magnificent Seven Amid AI Optimism and Berkshire Bet
Alphabet shares surged nearly 4% on Wednesday, extending a rally that has made it the top-performing Magnificent Seven stock this year with a 55% gain. The Google parent has outpaced even Nvidia, buoyed by two key catalysts: Berkshire Hathaway's unexpected $5 billion stake and the release of its Gemini 3 AI model.
While tech stocks face pressure over AI investment concerns, Alphabet defies the trend—the only Mag 7 member in positive territory since November. The dual tailwinds of institutional confidence and AI innovation have reignited Wall Street's enthusiasm for the search giant.