How Google’s Gemini 3 AI and TPU Push Will Impact Alphabet (GOOGL) Investors

• In recent days, Alphabet’s Google has rolled out and expanded its Gemini 3 AI model, deepened AI deployments across cloud, government, and consumer products, and moved toward commercializing its custom Tensor Processing Units while facing fresh EU probes and copyright complaints over AI content use.
• Together with new initiatives such as YouTube payouts in PayPal’s PYUSD stablecoin and carbon-removal purchases from Ebb, these moves highlight Alphabet’s push to monetize AI across hardware, software, and platforms while managing rising regulatory and content-partner tensions.
• We’ll now examine how Gemini 3’s AI momentum and growing TPU commercialization could reshape Alphabet’s investment narrative in the months ahead.

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Alphabet Investment Narrative Recap

To own Alphabet, you have to believe its AI stack will turn massive capex into durable earnings from Search, YouTube, Cloud and chips, while regulatory and legal pressures remain manageable. The latest Gemini 3 rollout and TPU commercialization keep the core AI catalyst intact in the near term, but fresh EU probes and copyright complaints reinforce that regulatory risk, not demand, is the biggest swing factor for the story right now.

The Android Emergency Live Video integration with Motorola Solutions 911 software is a good example of how Alphabet is pushing Gemini era capabilities into high value, real world workflows beyond ads and search. For investors focused on AI monetization, this kind of government and public safety deployment sits alongside TPU sales and Gemini for Government as proof points that Alphabet’s AI spend is starting to anchor itself across multiple, defensible verticals.

Yet beneath the AI excitement, rising regulatory and legal scrutiny of how Google collects and uses content for its models is something investors should be aware of, especially as...

Read the full narrative on Alphabet (it's free!)

Alphabet's narrative projects $512.6 billion revenue and $148.4 billion earnings by 2028.

Uncover how Alphabet's forecasts yield a $323.70 fair value, a 4% upside to its current price.

Exploring Other Perspectives

190 members of the Simply Wall St Community currently value Alphabet between US$171 and US$340 per share, reflecting a wide spread of expectations. Against that backdrop, Alphabet’s surging AI capex and intensifying EU investigations give you strong reasons to compare several of these views before deciding what long term performance you think is realistic.

Explore 190 other fair value estimates on Alphabet - why the stock might be worth 45% less than the current price!

Build Your Own Alphabet Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Alphabet research is our analysis highlighting 2 key rewards that could impact your investment decision.
• Our free Alphabet research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Alphabet's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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