Gemini 3.5 Pro Delayed, Chinese Rival Claims Superior AI
GOOG sits 90% above its 52-week low of $181.5.
Summary
Alphabet's next-gen Gemini 3.5 Pro model is delayed past its June target after internal testing showed coding shortfalls. Separately, China's Moonshot AI released Kimi K3, which benchmarked ahead of all Google models on intelligence, though at higher cost. The stock fell 2.3% Friday, compounding Thursday's 4% drop. This comes ahead of earnings next Wednesday, where any AI spending hike without performance gains could trigger a sharp selloff. The $700B capex plan and recent $80B equity offering raise the stakes on execution.
At the time of this announcement, GOOG was trading at $345.73 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.2T. The 52-week trading range was $181.50 to $404.47. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.