Alphabet(US:GOOGL) Shang Hai Zheng Quan Bao·2025-11-19 15:45Core Viewpoint - Google shares surged over 6% to a record high of $303.68, with a market capitalization exceeding $3.6 trillion, following the launch of its latest AI model, Gemini 3 Pro, which topped the LMArena leaderboard [2][5]. Stock Performance - As of the latest update, Google's stock price was $302.86, with a daily increase of 6.54% and a trading volume of 24.97 million shares, amounting to $7.4 billion [3]. - The stock reached a high of $303.68 and a low of $286.63 during the trading session [3]. AI Model Launch - Google introduced Gemini 3, described as the company's most intelligent model to date, which integrates all capabilities of the Gemini series and is designed to assist users in learning, creating, and planning [5][7]. - Gemini 3 demonstrates PhD-level reasoning abilities and excels in various tests, showcasing its advanced multimodal reasoning, visual and spatial understanding, and multilingual capabilities [7]. User Engagement and Market Position - The AI Overviews platform now has 2 billion monthly users, while the Gemini App has surpassed 650 million monthly active users [7]. - Over 70% of Google's cloud customers are utilizing the company's AI services, and 13 million developers are working with its generative models [7]. Competitive Advantage - Analysts believe that Google's comprehensive AI stack, which includes TPU chips, networking, models, and applications, creates a significant competitive moat [7]. - The company's self-developed TPU chips and the leading capabilities of the Gemini model are expected to drive high growth in computing demand and present investment opportunities in AI hardware innovation [7].