Alphabet's stock has surged nearly 30% this quarter, driven by the successful launch of the Gemini 3 AI model and Ironwood TPUs on November 18. The Gemini 3 model has matched or surpassed ChatGPT in industry benchmarks, while the Ironwood TPUs offer enhanced efficiency for AI workloads. This positions Google ahead of competitors like Nvidia and OpenAI in the AI sector. Additionally, Google plans to sell TPUs externally via Google Cloud, creating new revenue opportunities. Broadcom, a major supplier of custom chips for Google, has also benefited, with its shares rising 65% year-to-date. The strong performance of Google's AI initiatives underscores its leadership in the rapidly evolving AI market.