Alphabet's Google on Thursday opened in Taiwan its biggest artificial intelligence (AI) infrastructure hardware engineering centre outside of the United States, in what Taiwan's president said was a show of confidence in the island as a trustworthy technology partner.
Alphabet has its groove back.
CNBC's Deirdre Bosa reports on news regarding Alphabet.
Alphabet Inc (NASDAQ:GOOG) shares are trading at an all-time high, hitting an intraday high of about $304 on Wednesday, following the release of the company's latest large language model, Gemini 3. The new AI model, which succeeds the previous Gemini version, is designed to deliver improved responses to complex queries, with better contextual understanding and reduced need for prompting.
Major U.S. equities indexes were mixed at midday Wednesday ahead of highly anticipated earnings from Nvidia (NVDA) due after the closing bell. The S&P 500 and Nasdaq gained, while the Dow fell.
Alphabet shares rallied on Thursday after investors cheered the release of Google's new Gemini 3 AI model. Google said Gemini 3 allows users to get better answers to more complex questions and doesn't need as much prompting to determine the context and intent behind their requests.
Alphabet stock was rising with Wall Street and technology analysts generally positive about its new Gemini 3 artificial-intelligence model.
Wall Street once thought ChatGPT would kill Google. Now Alphabet's stock is on track to become the best-performing “Magnificent Seven” stock on an annual basis for the first time in its history.
Zoox is offering self-driving rides in San Francisco. Tesla has a permit for self-driving in Arizona.
Google's Capital Expenditures Are Soaring
Alphabet is positioned to become the structural AI winner, with Gemini 2.5 Pro leading benchmarks and Gemini 3.0 showing early signs of a step change. GOOGL's AI integration across Search, Android, YouTube, and cloud services is driving user engagement, data scale, and enterprise demand for its full-stack AI solutions. The company's custom TPUs and expanding cloud business provide a competitive edge, with cloud revenue and backlog surging due to AI infrastructure demand.
BRK.B reshapes its portfolio, boosting Alphabet holdings while trimming Apple as part of a broader bid to reduce concentration risk.