On September 30, Alphabet rose 3.15% in regular trading, reaching $351.275/share with turnover of approximately $2.01 billion, significantly outperforming the broader Interactive Media sector.
The rally appears driven by mounting excitement over the imminent launch of Gemini 4 Pro, with leaked benchmarks showing the model surpasses GPT-6 Astra and Claude Fable 5.1 across coding, agentic tasks, and reasoning. Notably, leaked pricing signals an aggressive strategy at $2.25 per million input tokens and $11.25 per million output tokens, substantially undercutting competitors. Reports indicate a potential launch as early as October 1.
Adding to the bullish momentum, Google announced a partnership with Antom to expand Gemini access across Asia, beginning with a free 12-month trial reaching approximately 10 million Indonesian students. Piper Sandler also raised its price target on Alphabet to $400 from $395, maintaining an Overweight rating, while the analyst consensus target stands at $426.66. Options flow over recent sessions has been dominated by bullish positioning, including a $10.49 million butterfly call spread and consistent sale of out-of-the-money puts.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)