June 09, 2026
Google parent Alphabet shares were up about 2% in extended trading on Tuesday following the report
New contract terms place limits on AI use in surveillance and autonomous weapons without oversight
Another tech heavyweight is also set to pour billions into the same company
AI investment demand is described as “sky-high”
The milestones mark a remarkable change in investor sentiment for Alphabet
Shares of the company rose more than 5% to hit a record high of $315.9, giving it a market capitalisation of $3.82 trillion
AI surge threatens Google’s long-held search supremacy since ChatGPT’s 2022 debut
Alphabet, Microsoft, Meta and Amazon all announced plans for higher annual capital expenditures as they pour money into chips and data centres
