Google closes at a record high
The internet giant has a lot going for it right now.
Google parent Alphabet hit a record closing high of $299.66 today, continuing what’s been a very good run for it recently.
The search giant has a lot going for it at the moment:
This week, Google unveiled its latest and greatest AI model, Gemini 3, which has analysts, leaderboards, and consumers enthralled. Even OpenAI CEO Sam Altman has said that his company, once the leader, has to again play catch-up to its competitor.
The company recently launched its latest tensor processing unit, which is 30x more power efficient than its 2018 TPU, as it seeks to provide infrastructure that’s “more reliable, more performant and more scalable than what’s available anywhere else.” That’s Google’s way of positioning itself on top even if we’re in an AI bubble.
The search giant has expanded its cash cow, advertising, to its ChatGPT dupe, AI Mode, helping soothe worries over Google losing ad dollars to AI upstarts.
Google is riding high from its stellar earnings report last month, which blew past analyst expectations.
Signs of a “near term” rate cut are pushing up many stocks, including Google. Meanwhile, Google has been been rising — and falling — and rising with other major AI stocks.
Even Google subsidiary Waymo has been making big moves, outboxing Tesla in the battle for robotaxi supremacy.
