Alphabet’s market strength is being driven by investor confidence in its ability to rival OpenAI’s ChatGPT and to produce AI‑focused chips that can compete with Nvidia. CEO Sundar Pichai acknowledges that no firm is immune to a potential AI bubble burst, but argues Google’s “full stack” of chips, YouTube data, models and frontier research gives it a unique edge. He cautions users against blindly trusting AI outputs, notes ongoing accuracy concerns, and highlights the massive energy demands of AI that have slowed progress toward Alphabet’s 2030 net‑zero goal. Pichai still describes AI as the most profound technology and stresses that adaptation will create new opportunities. Read more →