Google Unveils Next-Gen AI Model Amid Tech Sector Upsurge
Alphabet's Google unveiled its next-generation flagship AI model, Gemini 4 Argon, in post-market trading. This release has sent Alphabet shares up by 2%, reflecting a surge in investor sentiment around the company's proprietary AI stack and infrastructure positioning.
The Gemini 4 Argon model is expected to be deployed across Google Cloud and enterprise AI workflows at an accelerated pace. Micron Technology also made waves with its massive fiscal Q4 beat-and-raise report, which saw shares jump by 2%. The memory chipmaker reported adjusted EPS of $33.42, beating estimates by $2.26, on revenue of $54.23 billion, above the $50.45 billion consensus.
Micron issued explosive Q1 fiscal 2027 guidance, projecting revenue of $60.0, $63.0 billion and EPS of $37.15, $39.15, driven by unprecedented demand for High Bandwidth Memory (HBM) modules used in AI data centers. Constellation Energy climbed 3% after announcing a long-term agreement with Amazon to support the Calvert Cliffs Clean Energy Center in Maryland.