Alphabet A (GOOGL) shares rose 3,53% in premarket trading on November 24, boosted by optimism surrounding artificial intelligence (AI) companies.
The price increase was largely driven by Google Cloud’s partnership with NATO to develop AI-powered cloud solutions, which strengthened the company’s position in the enterprise technology space. Furthermore, Alphabet’s latest AI-powered model Gemini 3 demonstrated a 17% higher code generation performance than its competitors.
Looks like the stocks are a success GOOGL has extended the AI bubble that experts have long been warning about. Furthermore, they believe capital flight from the crypto market is flowing into the AI sector.
Indirect confirmation of this point of view was the positive quarterly results of the technology company Nvidia, which is engaged in the production of graphic processes based on chips.
AI forecast ChatGPT 5 from OpenAI stock prices Nvidia says AI and data center demand will remain strong over the next couple of months, but a slowdown in capital spending on hyperscale projects is likely.