Alphabet (GOOGL) Stock Hits Record High on Gemini 3 AI Breakthrough

Alphabet's shares surged 4.6% to an all-time high of $317 as Salesforce CEO Marc Benioff publicly endorsed Gemini 3, Google's latest AI model, signaling a potential shift in enterprise AI preferences away from ChatGPT. The immediate integration of Gemini 3 into revenue-generating products like Google Search marks a strategic acceleration, contrasting with previous multi-month deployment timelines for earlier iterations.

Google executives touted Gemini 3's industry-leading benchmark performance during last week's briefing, with CEO Sundar Pichai declaring it the company's 'most intelligent model' to date. The rapid deployment and enhanced capabilities position Gemini 3 as a direct competitor to Microsoft's 365 Copilot in the burgeoning enterprise AI market.

Analysts have begun revising Alphabet's price targets upward following the announcement, reflecting renewed confidence in Google's AI roadmap. The development underscores the intensifying arms race in generative AI, where technological breakthroughs now translate directly to stock market gains within days of announcement.