Alphabet (GOOGL) Q4 Stock Forecast: Gemini AI and Cloud Growth Fuel Rally
Alphabet shares surged 9.2% this week, buoyed by a tech sector rebound and the breakout success of its Gemini 3 AI model. The stock briefly corrected 1% on Wednesday but remains on track for its best annual performance since 2009, with a 70% YTD gain. Market cap now approaches $4 trillion as institutional confidence grows—evidenced by Berkshire Hathaway’s $4.3 billion stake.
CEO Sundar Pichai highlighted AI-driven results across businesses, particularly in cloud computing where backlog jumped 46% quarterly to $155 billion. Wall Street analysts are revising price targets upward, citing AI monetization and cloud acceleration as key catalysts.