Google parent Alphabet has emerged as a leader in the AI market, a significant shift from a year ago when it was perceived as lagging behind rivals. This change in sentiment is largely attributed to the success of its Gemini 3 model and increased investments.

• Alphabet plans to potentially double its capital expenditures in 2026 to between $175 billion and $185 billion for AI computing capacity.
• Google's Gemini app exceeded 750 million monthly active users at the end of the December quarter, up from 650 million in the prior period.
• Google Cloud's revenue increased by 48 percent in the December quarter, reinforcing investor confidence in Google's AI strategy.
• Shares of Alphabet have jumped approximately 36 percent since the start of the year, contrasting with declines seen by companies closely linked to OpenAI.