Buffett has fueled the rise in Alphabet's stock. They may have a new reason for a record high

Alphabet investors can expect a new reason for the stock price to rise after it rose 3% in a day thanks to Warren Buffett's Berkshire Hathaway. The company may release a new artificial intelligence model, Gemini 3.0, in the coming days, MarketWatch writes. Investors believe that it will strengthen Alphabet's position in competition with other AI market players. Alphabet's securities have risen in price by 50% since the beginning of the year - this is the best result in the "Magnificent Seven" of technological giants.

The launch of Gemini 3.0 could be a new catalyst for growth in Alphabet's stock, which is already trading at a record high, MarketWatch said.

The probability of launching the Google Gemini 3.0 language model by November 22 is now estimated at 92%, the publication reported, citing data from the Polymarket platform. At the same time, just a few days ago, this probability was 69%. The record in the social network X with this figure on November 15 reposted Alphabet CEO Sundar Pichai, accompanying it with two "thoughtful" emoji without any further explanation.

The excitement over the upcoming release of Gemini 3.0 underscores Google's strengthening position in the AI market, MarketWatch says. Investors in 2025 were worried about ChatGPT's artificial intelligence displacing classic search, but Google has impressed the market with the robustness of its search business and the capabilities of its own models, the publication added.

Morgan Stanley analysts speculated in October that Gemini 3.0 would bring improvements in AI reasoning(the ability to make inferences and predictions based on available information), diffusion technologies (the ability to create content - images and videos), and agent commerce and travel management. Bank analyst Brian Novak speculated that these features would strengthen Google's leadership in generative AI, MarketWatch wrote. Mizuho analyst Lloyd Womsley in the same month also predicted a significant jump in multimodality (the ability to work with different types of data simultaneously) and automation, including improved "real-time video understanding."

If expectations are confirmed, Gemini 3.0 could significantly close the gap with competitors and in some areas put Google at the forefront of multimodal AI and enterprise automation, MarketWatch adds.

Alphabet shares rose 3.1% on November 17, and at the premarket on November 18 added about 0.6% more. Interest in the securities intensified after the holding Berkshire Hathaway of legendary investor Warren Buffett reported that in the third quarter acquired a stake in Alphabet. Alphabet's stock has gained 50% since the start of 2025, the best performance among the "Magnificent Seven" tech giants in 2025.

Berkshire's bid could mean Buffett thinks the stock is priced profitably - or at least was at the time of the trades, MarketWatch wrote. Right now, the ratio of the stock's market price to expected earnings (P/E ratio) is now around 25; it hovered below 20 for most of last quarter, the publication noted. When exactly Berkshire acquired the stock is unknown. Alphabet's stock rose 38% in the third quarter.

Wall Street analysts expect further growth in the value of Alphabet securities. According to MarketWatch, the majority of analysts tracking Alphabet shares are recommending a "buy," and the average target price of $323.15 is nearly 14% higher than the last closing price.

This article was AI-translated and verified by a human editor