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Alphabet’s Stock Performance
Alphabet (NASDAQ: GOOG, GOOGL) saw a significant 13.9% increase in its stock value from October 31 to the end of November 2023, contrasting with a 1.5% decline in the Nasdaq Composite. This surge occurred amid broader market concerns over an artificial intelligence (AI) bubble that impacted many tech stocks.
Gemini 3’s Impact
The launch of Google’s Gemini 3 AI model, trained on the company’s proprietary Tensor Processing Units (TPUs) instead of Nvidia’s chips, demonstrates Google’s capability in the AI space, challenging Nvidia’s dominance. This shift may potentially threaten Nvidia’s pricing power in the semiconductor market.
Search Contract Renegotiation
In December 2023, a judge mandated that Google must renegotiate its default search contracts annually, including a key agreement with Apple, due to concerns about a monopolistic search and advertising framework.
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