Alphabet Inc. (GOOGL) shares are experiencing an uptick today, driven by the unveiling of new AI advancements from its DeepMind division. At 1:43 PM, Google DeepMind announced the release of Veo 2 and Imagen 3, two innovative video generation tools that are expected to enhance the company's AI capabilities. This development has sparked investor interest, as it underscores Alphabet's ongoing commitment to expanding its AI portfolio, a key growth area for the company.
Additionally, the market is reacting positively to a report from Jefferies, which identified Google as one of the potential winners in the AI software space for the coming year. This bullish sentiment is further supported by increased call option activity, indicating that investors are betting on further gains in Alphabet's stock.
As of 1:46 PM on Monday, Alphabet's stock is trading at $198.50, marking a 4.57% increase from its previous close of $189.82 and a 2.91% rise from its opening price of $192.88.