Stocks
Alphabet Stock Rises on Gemini AI Desktop App Release
Alphabet's stock price has surged after the tech giant announced the availability of an app that puts Gemini AI on desktop computers. The 'Gemini for desktop' app allows users to activate Google's AI agent with a simple keyboard shortcut, Alt + Space (Option + Space for Macs). This means users can access Gemini Spark, their 24/7 personal AI agent, to answer questions, verify facts, or draft text in real-time.
The announcement has pushed Alphabet's stock price up by about 1.7% as of 2:45 p.m. ET. Investors seem to be warming up to Alphabet's AI-everywhere strategy, with the stock expected to grow earnings 15% annually over the next five years.