Alphabet Gains Nearly 2% on Gemini 3 Flash AI Launch
Alphabet Inc. shares rose almost 2% following the debut of its Gemini 3 Flash AI platform, underscoring Wall Street's confidence in the company's artificial intelligence roadmap. The upgrade delivers faster performance for data-center applications, positioning Google to capture more of the $933 billion AI infrastructure market projected by 2030.
Pivotal Research raised its price target to $400, citing cloud growth and cash FLOW strength. The stock has gained 62% year-to-date as AI becomes central to Alphabet's valuation narrative.