"Alphabet's Record High Stock Performance Fueled by AI Hype and Earnings Surge"

Alphabet Inc. shares surged, nearing a record high, driven by optimism around its artificial intelligence capabilities, making it the third most valuable US company. Analysts are bullish on the company's AI investments, with Google's release of the Gemini AI model positioning it as a competitor to OpenAI and Microsoft in the field of generative AI. This has contributed to the ongoing rally in tech stocks and solidified Alphabet's position in the market.