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Alphabet Shares Hit Record High as Google Deploys Gemini 3 Into Search

Early testing credits the multimodal model with superior performance, fueling bullish calls and heavy options trading.

Overview

  • Google launched Gemini 3 and said it is embedding the multimodal model directly into Search and other flagship products.
  • Alphabet stock set fresh highs after the debut, rising as much as 6.9% on Wednesday as call-option volume topped 376,000 by late morning in New York.
  • Initial benchmarks and analyst checks report Gemini 3 Pro outperforming OpenAI’s GPT‑5.1 on several metrics, with some calling it the current state of the art.
  • Google reported Gemini usage climbing to about 650 million monthly active users, up from roughly 450 million in July.
  • New rollouts include Gemini Agent for task completion and the Antigravity coding platform, while DeepMind expanded research with a new lab in Singapore and analysts raised targets alongside Berkshire Hathaway’s disclosed $4.3 billion stake.