Alphabet (GOOGL) stock rebounded a fraction of a percent on Tuesday after launching its latest Gemini AI model, Gemini 3. The latest model has new capabilities that will be immediately available in several profit-generating products, like its search engine.
During a press briefing, executives highlighted Gemini 3’s lead position on several popular industry leaderboards that measure AI model performance. CEO Sundar Pichai described it as “our most intelligent model” in a company blog post. “We think Gemini has set quite a new pace in terms of both releasing the models, but also getting it to people faster than ever before,” Koray Kavukcuoglu, Google’s chief AI architect, also told reporters Tuesday.
The Gemini platform is designed to compete with Microsoft’s 365 Copilot. Gemini 3 marks the first time that Google had incorporated its new model into its search engine from day one. Previously, new versions of Gemini took weeks or months to embed into Google’s products, so Gemini 3 being available right away is a great success.
Also Read: Meta Stock Drops 15% In November: Buy The Dip?
Furthermore, shares in Alphabet (GOOGL) stock hit a new all-time high this week following a recent bullish bet by leading conglomerate Berkshire Hathaway. Berkshire recently completed a purchase of 17.85 million Alphabet shares, worth about $4.93 billion as Friday’s closing price. The investment also marks one of the company’s final stock purchase under CEO Warren Buffett, who plan to retire from his role at the end of the year.
Google stock is now up over 50% YTD, one of the best performers among big tech on the US stock market. After a solid Q3 earnings report, Google also raised its guidance for 2025 spending on artificial-intelligence data centers for its Google Cloud segment. It now stands at $92 billion, up from the previous $85 billion projection.