Historic record: Google shares break through $300 amid Gemini 3 launch

Google's parent company, Alphabet, reached a new historical record in the stock market when the share price (ticker GOOGL) exceeded $300 for the first time, rising by more than 5% in early trading on November 19. The main reason for this significant increase was the simultaneous celebration of the launch of the new Gemini 3 artificial intelligence model and information about investments from Berkshire Hathaway.

Source Minfin

The presentation of Gemini 3, which is positioned as the "smartest" and "most accurate" artificial intelligence system, is perceived as a strategic move by Google to increase competitiveness amid OpenAI's difficulties with their latest GPT-5 model. Experts believe that the introduction of the new AI model is a chance for Google to take a leading position in the consumer AI market, which could seriously affect the competitive situation.

It is worth noting that Berkshire Hathaway, headed by the famous investor Warren Buffett, recently acquired 17.9 million shares of Google, which is a record investment for the company. This demonstrates the high confidence of conservative investors in Alphabet, emphasizing the likelihood of its long-term sustainability even in the face of growing competition in the field of artificial intelligence.