Why Google stock is skyrocketing

Core Viewpoint - Alphabet's stock has reached a new record high, driven by the launch of the Gemini 3.0 AI model and positive analyst ratings, amidst broader market volatility [1][3][5]. Group 1: Stock Performance - As of the latest update, GOOGL stock was trading at $296, reflecting an increase of nearly 5% for the day and a total rally of 55% throughout 2025 [1]. - The stock achieved a record high of approximately $303 during early trading on Wednesday [1]. Group 2: Catalysts for Stock Rally - The momentum in GOOGL's stock is largely attributed to the launch of the Gemini 3.0 AI model, which is considered the company's most advanced AI offering to date [3]. - The Gemini 3.0 model has been integrated into revenue-generating products, with AI Overviews reaching 2 billion monthly users and the Gemini app surpassing 650 million monthly users [4]. Group 3: Analyst Ratings and Market Sentiment - KeyBanc has reiterated an 'Overweight' rating for Alphabet, maintaining a price target of $300, citing the anticipated impact of the Gemini 3 launch and Alphabet's strength in full-stack AI as key drivers [5]. - Loop Capital upgraded Alphabet to 'Buy' and raised its price target to $320, highlighting significant upside potential from AI-led search growth and the expansion of the Gemini platform [6]. Group 4: Institutional Investment - Investor interest surged following Berkshire Hathaway's disclosure of a $4.9 billion stake in Alphabet, which underscores the company's AI exposure through Google Cloud and Gemini [7].