Movement Alert｜Alphabet Rises 3.05% in Regular Trading, Evercore Raises Target Price to $450 as Gemini Narrows Gap with ChatGPT

On September 18, Alphabet rose 3.05% in regular trading, trading at $353.47/share, with turnover of $1.999 billion.

On the news front, Evercore ISI raised its target price on Alphabet to $450, citing a latest survey showing Google's search dominance has further strengthened over the past year despite market fears that generative AI would erode its core business. According to the August survey, 78% of respondents still named Google as their primary search engine, while the user share gap between Gemini and ChatGPT narrowed to just 3 percentage points — a record low in the survey's history, down sharply from 11 percentage points in August of the prior year.

The bullish sentiment is further supported by a series of recent developments, including the launch of Gemini 3.8 Live models enhancing real-time voice AI capabilities, Google Cloud's expanded partnerships with Salesforce and the opening of its Singapore Engineering Center, as well as reports that Berkshire Hathaway has made a significant investment in Alphabet. Google Cloud also disclosed that its average AI server investment payback period is under two years, with proprietary chip payback at half that of GPU-based solutions.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)