US Stock Market Move | Alphabet Inc. Class C (GOOGL.US) rose nearly 4%, with its market value surpassing $3 trillion.

On Monday, Alphabet Inc. Class C (GOOGL.US) rose nearly 4% to $250.23, hitting a new all-time high and surpassing a market value of over $3 trillion. In terms of news, the Alphabet Inc. Class C Nano Banana image generation model is gaining popularity, with the Alphabet Inc. Class C Gemini app downloads in the US App Store surpassing ChatGPT to become the number one app on the free rankings. Citigroup analyst Ron Josey raised his price target for Alphabet Inc. Class C from $225 to $280, citing that "with the accelerating adoption of Gemini in advertising and cloud businesses, there is a faster product development cycle occurring." Josey added that this is all happening in "what we believe is a relatively healthy online advertising market, while the company has gained clearer visibility on legal and regulatory challenges." Analysts stated, "We believe Alphabet Inc. Class C is executing better in its product matrix, with stronger demand and improving profitability."