
Alphabet Surge Revives AI Stocks, Nasdaq Sees Best Day
Alphabet's stock surged 6.3% on Monday, sparking a major rally in the AI sector and pushing the Nasdaq Composite to its best day in six months.
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Alphabet's stock surged 6.3% on Monday, sparking a major rally in the AI sector and pushing the Nasdaq Composite to its best day in six months.

Major tech firms like Meta, Alphabet, and Microsoft are drastically increasing their AI spending, with forecasts for 2026 now soaring past initial projections.

Alphabet, Google's parent company, reported a record $102.3 billion in third-quarter revenue, a 16% increase driven by its ad and cloud businesses.

Artificial intelligence is reshaping markets, with Nvidia dominating AI GPUs, Alphabet integrating AI into search and cloud, and Amazon leveraging AI in AWS and e-commerce for efficiency and growth.

Google's Gemini AI saw a 54% global traffic surge in September, fueled by a new image tool, while OpenAI's ChatGPT continued to post steady gains.

Alphabet's Gemini AI has become the first artificial intelligence to win a gold medal in a major international computer programming competition.

Microsoft's enterprise-focused AI strategy, built on recurring subscriptions and its Azure cloud platform, is creating a stable model for long-term growth.

An analysis of the AI market suggests Alphabet's diverse growth in search, cloud, and autonomous technology could position its value to exceed competitors.

Alphabet's integration of its Gemini AI model is fueling significant growth, with Search revenue up 12% and new Google Cloud customers increasing by 28%.