Alphabet stock pops nearly 6% as Gemini 3 Pro impresses
Alphabet (Google's parent company) saw its stock jump almost 6% on Monday after launching Gemini 3 AI model, its latest AI model.
The new tech outperformed big names like OpenAI and Anthropic, pushing shares to a high of $317.75.
Why does this matter?
Gemini 3 isn't just fast—it's powered by Google's own AI chips, which could mean less reliance on NVIDIA and more control for Alphabet.
The company's stock is up 70% this year, making it the fastest-growing Magnificent Seven stock of 2025.
What's behind the buzz?
Gemini 3 outperformed rivals in key benchmarks and boosted Google Cloud revenue by 34% year-over-year, even topping Microsoft Azure and Amazon AWS.
Its user base has soared to 650 million monthly users, with generative AI web traffic more than doubling in a year.
No surprise: analysts are now raising their price targets for Alphabet to as high as $355, crediting strong earnings and momentum from its AI push.