Alphabet’s Gemini 3 model and possible TPU deal with Meta have boosted shares, positioning the company as an AI leader. With a $340 fair value estimate, Alphabet’s AI strategy is praised for its full-stack solutions, including TPUs and Google Cloud. Gemini 3’s success and potential external TPU sales could drive further growth.

Alphabet’s AI capabilities shine with Gemini models attracting users and positive reviews. The rumored Meta TPU deal could expand revenue streams and challenge competitors like Nvidia. Despite a 20% share increase, Alphabet remains well-positioned in AI. External TPU sales could boost fair value estimates and drive Google Cloud sales.

Read more at Morningstar: Alphabet: Gemini Momentum and Possible Meta TPU Deal Underscore AI Capability