+0.35% to $347.68 from $346.47
What moved GOOGL
- Google agreed to buy power from Constellation Energy’s nuclear fleet under a 20-year deal covering plants in Illinois, Pennsylvania and New Jersey, part of an effort to lock in electricity supply for AI data centers.
- Combined with a separate 15-year supply agreement, Google’s total contracted capacity from Constellation on the PJM grid now totals 3,590 megawatts.
- Alphabet shares advanced alongside broader mega-cap tech strength, with the S&P 500 and Nasdaq closing at records partly on optimism tied to the Constellation deal.
- As part of an expanded five-year technology alliance, Constellation will adopt Google Cloud and Gemini Enterprise to help plan and dispatch power generation.
Sources: Yahoo Finance · TheStreet · Constellation Energy
-1.70% to $338.24 from $344.08
What moved GOOGL
- Google said Gemini 4 Argon sets a new record on a real-world software-engineering benchmark and ties for first on a cybersecurity benchmark.
- The model can generate up to one million output tokens, versus a prior ceiling of 64,000 tokens.
- Introductory pricing was set at $2 per million input tokens and $10 per million output tokens.
- Google is initially limiting access to members of its ‘Fairwind Program’ to probe the model for flaws before a wider release.
Sources: GuruFocus · Investing.com · Yahoo Finance
-1.07% to $351.16 from $354.97
What moved GOOGL
- Google unveiled Googlebook, a new line of Android-based laptops that combine Android’s software stack with desktop features borrowed from ChromeOS, built around its Gemini AI assistant.
- Initial hardware partners Acer, Asus, Dell, HP and Lenovo will build the first models, with prices starting at $899 for devices featuring up to 2.8K OLED touchscreens, glass trackpads and battery life reaching up to 14 hours.
- The laptops include a “Glowbar” light strip that signals battery status and animates when Gemini is addressed, and are due to arrive in the U.S. on October 4 before rolling out to Canada, the UK, Ireland, France, Germany and Australia.
- Evercore ISI analyst Mark Mahaney said Alphabet’s core search business remains resilient while its Gemini platform gains ground on ChatGPT, noting search accounts for more than half of company revenue.
Sources: PCWorld · Gizbot · Basic Tutorials · Benzinga
+1.30% to $347.33 from $342.87
What moved GOOGL
- U.S. District Judge Leonie Brinkema rejected the Justice Department’s request to force Google to divest its AdX ad exchange or its DFP publisher ad server, opting for behavioral remedies instead
- The order requires Google to end practices such as ‘first look’ and ‘last look’ bidding advantages and unified pricing, and to give publishers broader access to real-time bidding data
- The ruling, unsealed this week, was viewed by investors as a favorable outcome relative to the structural breakup sought by government attorneys
- Shares of independent ad-tech companies such as Magnite received analyst price-target increases following the decision as analysts assessed the read-through across the ad-tech sector
Sources: AdExchanger · Parameter · CoinCentral · Stocktwits
+1.77% to $338.50 from $332.60
What moved GOOGL
- Google launched a native Gemini AI desktop app for Windows 10 and 11, letting users summon the assistant with an Alt+Space keyboard shortcut over any active window.
- The Windows app arrives roughly five months after Gemini’s desktop debut on macOS and is available globally across x64 and ARM64 devices.
- Google described the app as “lightweight and quiet,” saying it runs without slowing down users’ PCs.
Sources: BetaNews · Time News
+0.63% to $337.12 from $335.02
What moved GOOGL
- A U.S. federal judge in Virginia refused to order Google to divest its AdX ad-exchange business, rejecting the Justice Department’s bid to break up part of its advertising operations.
- The judge accepted most of the government’s proposed behavioral remedies instead of a structural breakup, though the details remain sealed for 14 days.
- The Justice Department and a coalition of states had sued Google in 2023 over its dominance of ad-tech markets used by online publishers.
- Separately, Google released Gemini 3.8 Flash and a Cyber variant to subscribers of its Gemini app, AI Mode, and developer tools including AI Studio and the Gemini API.
Sources: CNBC · The Hill · Axios · 9to5Google
-1.28% to $335.02 from $339.35
What moved GOOGL
- Fervo Energy and Google signed a 396-megawatt power purchase agreement to support continued development of the Cape Station enhanced-geothermal project in Utah, described as the largest enhanced-geothermal PPA to date.
- The carbon-free power is intended to help serve a potential future Google data center in Utah, with the Cape Station GeoCluster expected online in 2028.
- Fervo also gave Google an option to expand its offtake by about 600 MW, for nearly 1 GW total, by June 2030.
- Alphabet shares fell alongside broader technology and chip stocks as Nasdaq-listed names led the market lower on renewed U.S.-Iran tensions.
Sources: Fervo Energy · ESG Today · The Motley Fool · Yahoo Finance
-0.32% to $346.96 from $348.06
What moved GOOGL
- Google Cloud launched Gemini Enterprise for Legal, a version of its AI platform built for law firms and corporate legal departments, with Cleary Gottlieb, Freshfields, Weil and Williams & Connolly named as launch partners.
- It is Google’s first industry-specific packaging of Gemini Enterprise, following a parallel financial-services edition, with healthcare and life-sciences versions described as on the horizon.
- Alphabet-owned Waymo said it will begin testing autonomous vehicles in Munich in the coming weeks, aiming to launch commercial robotaxi service there by late 2027 — its first market in the European Union.
- Waymo’s Munich fleet will start with manually driven mapping runs using electric Jaguar I-PACE vehicles with trained safety drivers, before autonomous testing begins.
Sources: Google Cloud Blog · Artificial Lawyer · TechCrunch · Yahoo Finance
+0.06% to $344.20 from $344.00
What moved GOOGL
- Alphabet’s Google is acquiring internal business data from bankrupt Spirit Airlines for $10 million to use for product development and training its AI models.
- The dataset includes roughly 100 million emails, hundreds of millions of Microsoft Teams chats, plus spreadsheets, calendars, marketing, HR and financial records.
- The data will be de-identified, with the agreement making Google responsible for deidentification costs, and Spirit says it will contain no customer or personally identifiable information.
- A bankruptcy judge is set to consider approving the sale at a hearing on August 19; AI hiring platform Mercor had offered $7.5 million as a competing bid.
- Spirit Airlines has been selling off assets in bankruptcy after shutting down operations in May due to high debt and fuel costs.
Sources: CNN · Reuters
-3.84% to $343.80 from $357.52
What moved GOOGL
- A group representing roughly 300 French daily newspapers filed a competition complaint against Google with France’s antitrust authority, arguing that AI Overviews divert reader traffic and ad revenue away from publisher websites.
- The complaint follows a related move by France’s competition authority, which had already ordered Meta to resume negotiations with publishers over payments for AI use of their content.
- Alphabet closed a $25 billion senior unsecured debt offering and continues issuing shares under a $40 billion at-the-market equity program, alongside a 2026 capital expenditure target of up to $205 billion, which has fed investor concern over rising leverage and dilution.
- The decline came ahead of Alphabet’s Wednesday Pixel 11 launch event, with the scale of AI investment remaining a central focus for investors.
Sources: Euronews · Courthouse News Service · Benzinga · TS2.tech