Alphabet(US:GOOGL) Zheng Quan Shi Bao Wang·2025-11-21 03:36Core Viewpoint - Google stock has reached new highs, reflecting strong market interest and positive developments in its AI technology, particularly with the release of the Gemini 3 model [1][2]. Group 1: Market Performance - On November 20, the U.S. stock market experienced its most significant intraday reversal since April, with the S&P 500 index dropping to its lowest point in over two months after initially opening higher due to Nvidia's strong earnings report [1]. - The Nasdaq 100 index fell by 2.4%, marking a cumulative decline of 7.9% since reaching an all-time high on October 29 [1]. - Individual stocks like Nvidia and Tesla saw significant fluctuations, with Nvidia dropping over 3% and Tesla over 2% after earlier gains [1]. Group 2: Google's Positive Developments - Berkshire Hathaway disclosed a new position in Google A shares, purchasing approximately 17.85 million shares valued at $4.34 billion, making it the tenth-largest holding in its portfolio [2]. - The release of Google's latest AI model, Gemini 3, has generated considerable market excitement, with capabilities that enhance learning, building, and planning [2]. - Gemini 3 has set new performance records and signifies a shift in AI from merely answering questions to completing tasks [2]. Group 3: Rise of Google-Related Stocks - In the context of a generally poor market performance, Google-related stocks in the A-share market have surged, with Tengjing Technology (688195) reaching a new historical high of nearly 167 yuan per share [3]. - Other Google-related stocks, such as Saiwei Electronics and Dekeli, also saw gains, with Saiwei Electronics achieving a new stage high [5]. Group 4: Growth Potential of Related Stocks - Analysts at Minsheng Securities noted that Berkshire Hathaway's shift from Apple to Google reflects confidence in the AI industry's trends and Google's commercial value as an AI platform [6]. - Google's new model, trained on self-developed TPU, is expected to significantly reduce training costs while demonstrating strong performance, potentially leading to a rapid return on investment [7]. - Google's OCS customized network has improved throughput by 30%, reduced power consumption by 40%, and decreased data flow completion time by 10%, indicating operational efficiency [7]. - A review of 16 Google-related stocks suggests that many are projected to experience rapid revenue growth over the next two years, with Dekeli expected to exceed 50% revenue growth in both years [7].