Gemini 3 Pushes Google Stock to New All-Time Highs. Is It Too Late to Buy GOOGL Here?

Core Insights - Alphabet's shares reached an all-time high of nearly $304 following the launch of Gemini 3, its most advanced AI model to date [1] - The company plans to integrate this multimodal AI into its search engine and other products, indicating a strategic shift [1] Stock Performance - Google stock is trading over 100% above its year-to-date low recorded in April [2] - The launch of Gemini 3 has contributed to the stock's gains, positioning Alphabet to compete more effectively with rivals like OpenAI and Microsoft [3] Strategic Importance of Gemini 3 - Gemini 3 enhances Google's core products, including Search, Workspace, and Cloud, with advanced generative capabilities [4] - The launch is seen as a significant catalyst for Alphabet's competitiveness in the AI sector [4] Analyst Perspectives - Analysts, including Deepak Mathivanan from Cantor Fitzgerald, believe that advancements in AI models will benefit user growth and enterprise workloads [5] - Warren Buffett's Berkshire Hathaway has invested $4.3 billion in Alphabet, reinforcing the investment case for the company [6] - Despite a substantial increase in stock price over the past seven months, GOOGL is trading at a forward P/E multiple of 27x, indicating it remains relatively undervalued [6] Market Sentiment - Wall Street analysts maintain a bullish outlook on Google stock for the next 12 months [7]