Alphabet Shares Surge to Record Highs Amid AI Optimism and Institutional Endorsements
Alphabet Inc. shares climbed 6% to an all-time high above $318, extending a rally fueled by strong Q3 earnings, Berkshire Hathaway's disclosed stake, and the launch of its Gemini 3 AI model. The Google parent's market capitalization now approaches $3.8 trillion as institutional confidence grows.
Salesforce CEO Marc Benioff's public endorsement of Gemini 3 marked a pivotal moment, with the tech executive declaring a paradigm shift after switching from OpenAI's ChatGPT. Silicon Valley's reception to Google's latest AI iteration signals intensifying competition in the generative AI sector.
The rally reflects broader market recognition of Alphabet's dual dominance in Core digital advertising and emerging AI infrastructure. With YouTube, Google Search, and now Gemini 3 under its umbrella, the tech giant demonstrates rare vertical integration across consumer and enterprise AI applications.