Alphabet's Gemini 3 AI model has significantly impacted the company's stock, driving GOOGL shares up 13% to $318.58. The model, a leading large language model, benefits from Google's extensive data access, enhancing its reasoning capabilities and serving 650 million users monthly. This development is part of Alphabet's broader AI ecosystem, which includes AI models, cloud services, and hardware. The company's cloud revenue has increased by 34% to $1.52 billion. Analysts have set a target price for GOOGL between $268 and $390.