What happened: Alphabet's (GOOG, GOOGL) stock surged as much as 3% on Monday. What's behind the move: Google is developing a server chip designed to optimize its Gemini AI model, according to The Information. What else you need to know: Alphabet's Google has been developing its own semiconductor hardware and AI models to achieve a fully integrated approach to the booming technology. Last week, Bloomberg reported that Alphabet was behind schedule in delivering Gemini 3.5 Pro, its most powerful AI model. Click here for in-depth analysis of the latest stock market news and events moving stock pricesRead the latest financial and business news from Yahoo Finance