• GOOG stock is climbing to fresh highs. Get the complete picture here.
Alphabet shares hit new highs in after-hours trading on Monday, last up about 2% after closing the regular session up more than 6%.
The report indicates that Google is accelerating efforts to compete directly with Nvidia in the AI chip market. The company’s TPUs, or tensor processing units, are designed to optimize performance and cost for AI workloads from training to inference.
Nvidia shares were moving in the opposite direction, down about 2.05% in after-hours at last check, according to Benzinga Pro.
Alphabet shares have been on a tear in recent months, rallying approximately 52% since mid-September. The stock has soared in recent weeks amid the release of Gemini 3, which has received overwhelmingly positive feedback.
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