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Alphabet stock jumps 16% since late October as AI work boosts valuation
Alphabet gained 16% since late October, nearing a $4 trillion valuation backed by strong ad revenue and progress on its Gemini 3 AI model.
Alphabet shares have risen about 16% since the Nasdaq’s Oct. 29 peak, lifting its market value toward $4 trillion. The move contrasts with double-digit declines in several other large tech firms. Alphabet continues to post strong advertising revenue above $385 billion and is advancing its internal Gemini 3 AI model, supported by proprietary chips and expanded cloud infrastructure.