Alphabet Shares Surge on AI Breakthrough and Revised Analyst Targets
Published on 12/02/2025 at 22:12 | Redaktion boerse-global.de
A significant advancement in artificial intelligence from Google’s parent company, Alphabet, has sent its stock soaring and appears to have put rival OpenAI on high alert. The launch of the new Gemini 3 model, reported to substantially outperform ChatGPT 5.1, has triggered a wave of bullish analyst upgrades, though substantial insider selling introduces a note of caution.
The recent analyst optimism is built upon a foundation of strong financial results. For the third quarter, Alphabet reported earnings per share of $2.87, decisively beating the consensus estimate of $2.29. Revenue climbed to $102.35 billion, exceeding forecasts of $99.90 billion. The cloud division was a particular standout, posting year-over-year growth of 34%.
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