Overview
- Alphabet rose more than 5% to an intraday record around $315.9 on Monday, lifting its market value to about $3.82 trillion and extending a nearly 70% year-to-date rally.
- Berkshire Hathaway disclosed a new 17.8–17.9 million-share position in Alphabet as of Sept. 30, with reports valuing the stake around $4.3 billion to roughly $5.35 billion; the filing does not identify who made the purchase.
- Alphabet’s Q3 results showed revenue of $102.3 billion, Google Cloud sales of $15.2 billion up 34% year over year, and net income up 33% with EPS up 35%.
- Google’s AI push accelerated with the Nov. 18 launch of Gemini 3, which drew strong early reviews; reported usage metrics cite about 650 million monthly users and rising share of generative‑AI web traffic.
- Investors note heavy AI infrastructure spending, including about $24 billion in Q3 capital outlays, alongside perceptions that proposed antitrust remedies have been less disruptive than once feared.