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On Wednesday, November 19th (Eastern Time), Alphabet, the parent company of Google, witnessed its most significant stock - price surge in two months. The newly launched artificial intelligence (AI) model, Gemini, by the tech giant, received widespread and glowing praise. This positive reception significantly bolstered investors' confidence in Google's competitiveness within the fiercely competitive AI landscape.
During the trading day, Google's stock price soared by as much as 6.9%, peaking at $303.68 and marking a new all - time high. However, as of the time of press release, the stock price increase had shrunk to 3%. This adjustment was attributed to market concerns regarding the potential overvaluation of tech stocks and the ongoing downturn in the broader market.
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