Alphabet’s latest advancements in artificial intelligence have significantly boosted its stock, with shares rising over 5% on Monday, following an 8% gain last week. This surge positions Alphabet, the parent company of Google, for an 11% increase in November, marking its eighth consecutive winning month. Wall Street analysts highlight Alphabet’s competitive edge in AI model development, particularly with its Gemini AI and custom TPU chip. Such progress raises concerns for other tech giants, as a dominant player like Alphabet could hinder their growth. The Roundhill Magnificent Seven ETF, which includes Alphabet and Nvidia, experienced losses, while Nvidia saw a drop despite strong earnings. Analysts fear Alphabet’s capabilities might threaten companies like Microsoft, Amazon, and Oracle. Salesforce’s CEO praised Gemini 3, stating the leap is substantial, suggesting a paradigm shift in AI technology. Investors remain cautious, anticipating volatility as Alphabet solidifies its position in the AI landscape.
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