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- Alphabet stock surged as much as 9% since it made several AI announcements at its I/O conference on Wednesday.
- The company unveiled "AI Snapshot" for Google Search and said it's incorporating generative AI capabilities across its product suite.
- "With generative AI we are taking the next step... we are reimagining all our core products, including search," CEO Sundar Pichai said.
Alphabet stock surged 4% on Wednesday and another 5% on Thursday after the company made several artificial intelligence announcements at its I/O developer conference.
The two-day rally has added $131 billion to Alphabet's market value and helped reignite excitement for the company's foray into AI. The stock is now trading at its highest level since August 2022.