Alphabet Surges 3% Amid White House AI Safety Accord Signing

Alphabet's stock price surged 3% to $348.19 on Wednesday as investors weighed the implications of a new White House AI safety accord.

The agreement, signed by Google CEO Sundar Pichai and other major AI leaders, outlines four layers of controls and audits for companies developing frontier models.

While Meta Platforms' stock edged lower despite its CEO Mark Zuckerberg's participation in the signing, Apple shares gained 2.5% to $337.60 as the company continues to expand its AI and services offerings.

The Invesco QQQ Trust advanced 0.91% to $744.66, reflecting broader tech strength, while the SPDR S&P 500 ETF Trust is up 0.63% to $769.02 for broad market context.