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Alphabet's upgraded Gemini 3 AI model boosted its shares by 5%, sparking a tech sector rally amid optimism for a December Fed rate cut, supporting a short-term positive outlook for GOOGL.
Alphabet's stock surged nearly 70% YTD in 2025, driven by strong cloud growth and its new AI model Gemini outperforming Nvidia, prompting Guggenheim to raise its price target from $330 to $375.
Alphabet (GOOGL) unveiled Gemini 3 generative AI model, launched its Ironwood chip for cloud, and revealed a $155B cloud backlog, boosting revenue over $100B amid AI competition from Nvidia and OpenA…