Markets Slash $250 Billion from Nvidia as Investors React to Google’s Competitive Move, Highlighting Gemini 3 as the New Benchmark

Google’s launch of Gemini 3 marks a pivotal shift in artificial intelligence, with a significant market reaction reflecting its potential. On November 18, Google introduced Gemini 3, integrating AI directly into its Search platform. Critics and supporters alike, including billionaires Marc Benioff and Mark Cuban, have recognized this moment as transformative, with Benioff declaring it a game-changer that surpasses previous models like ChatGPT. Analysts are touting Gemini 3 as “state-of-the-art,” showcasing breakthroughs in areas like mathematics and creative writing. This new model quickly topped AI rankings with record-setting performance metrics, demonstrating advanced reasoning capabilities through its Deep Think mode. Meanwhile, Nvidia’s market cap has taken a substantial hit, down nearly 4% post-launch, signaling shifting competition dynamics. As Wall Street reacts, there’s growing speculation about Google’s dominance in the AI race, mirroring the early search engine landscape. With Gemini 3, Google appears positioned to reclaim its status as a leader in AI technology.

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