Investors may have just termed Google’s latest Gemini model, Gemini 3, a ‘Hit’; no jitters like OpenAI

Google parent Alphabet Inc shares surged to their highest level in history on Wednesday, fueled by a wave of overwhelmingly positive reviews for the newly released version of its Gemini artificial intelligence model. The Google parent’s stock climbed as much as 6.9%, marking its largest gain in two months and besting the performance of the broader market, according to data compiled by Bloomberg. The robust rally was sparked by investor confidence in the company’s leading position within the rapidly evolving tech landscape.

The momentum was palpable in trading pits. More than 376,000 call options on Alphabet had changed hands by 11:00 a.m. in New York, well above the recent full-day average. For context, the technology-focused Nasdaq 100 Index was up 0.8%, while the S&P 500 Index gained about 0.5%.