Alphabet stock, including GOOG and GOOGL, has been surging this year, hitting all-time highs driven by AI excitement. ARK Invest recently bought 174,293 shares worth $56 million. With a $4 trillion market cap, the stock is up 70% YTD. Google’s Gemini 3 AI model received high praise, and reports suggest Meta may use Google’s AI chips. Alphabet’s Q3 earnings were impressive, with $102.36 billion in revenue, $34.98 billion in net income, and $2.85 EPS. Analysts are bullish on GOOGL stock, with a consensus “Strong Buy” rating and a mean price target of $323.35.

Alphabet’s recent achievements and growth have caught the attention of Wall Street analysts, with increased price targets and positive outlooks on the company’s future. The launch of Gemini 3, the potential deal with Meta for AI chips, and impressive Q3 earnings have led to increased confidence in Alphabet’s ability to compete in the AI space and continue its growth trajectory. Analysts are optimistic about the company’s performance and potential, with many seeing further upside for GOOGL stock in the coming months.

Read more at Barchart: Cathie Wood Is Buying Up Google Stock at Record Highs. Should You?