The main driver for the bullish view was Pitz's higher forecast for Google Cloud. Alphabet is spending close to $190 billion this year, much of it on AI infrastructure. The Gemini delay is partly why the stock fell on the same day that BMO Capital raised its price target. About Alphabet StockAlphabet is a global technology company built around search, digital advertising, cloud computing, and artificial intelligence. Its product portfolio includes Google Search, YouTube, Android, Chrome, Google Cloud, and Gemini.