Alphabet's stock just had its best quarter in two decades thanks to AI

Core Insights - Alphabet's Class A stock experienced a significant increase of 38% in the third quarter, driven by the success of Google's Gemini and cloud-computing businesses, which countered skepticism from analysts and investors [1] Company Performance - The rise in stock price indicates strong market confidence in Alphabet's growth prospects, particularly in its innovative product offerings and cloud services [1] Business Segments - Google's Gemini and cloud-computing divisions have shown remarkable performance, contributing to the overall positive financial results for the company in the third quarter [1]