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Alphabet hits US$4-trillion valuation as AI refocus lifts sentiment [Globe and Mail, The (Toronto, Canada)]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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The stock has gained another 6 per cent so far this year, and was last up 1.1 per cent. There was a problem loading data for this chart Please reload your browser and try again The shift was fueled by the company quelling concerns that it let an early AI advantage ?slip by turning a ?once-overlooked cloud unit into a major growth engine and drawing ?a rare tech investment from Warren Buffett's ?Berkshire Hathaway ( BRK-B-N decrease BRK-A-N decrease Its new Gemini 3 model has also drawn ?strong reviews, intensifying pressure on OpenAI after GPT-5 left some users underwhelmed. A Reuters report ?said that Samsung Electronics plans to double this year the number of its mobile devices with AI features powered by Google's Gemini. Google Cloud's revenue jumped 34 per cent in the third quarter, with a backlog of non-recognized sales contracts rising ?to US$155-billion. Renting out Google's self-developed AI chips that were reserved for internal use to outside customers has
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