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Alphabet Inc. (GOOG) Shares Surge as Google Expands AI Search Capabilities
Alphabet Inc. (GOOG) Shares Surge as Google Expands AI Search Capabilities
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Alphabet Inc. shares climbed as much as 5.6% following Google’s announcement of a full US rollout for its ’AI mode’ in search. The expansion underscores the tech giant’s strategic pivot to integrate artificial intelligence across its Core products, with Gemini AI now boasting over 400 million downloads and AI Overviews reaching 1.5 billion users.
BMO Capital reaffirmed its Outperform rating on Alphabet, maintaining a $200 price target. New features including Gemini 2.5 Flash and Project Mariner demonstrate Google’s aggressive innovation pace, though competition from AI chatbots like ChatGPT continues to intensify. The company retains dominant 90% market share in search despite mounting challenges.
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