Alphabet is surging on notion it's winning AI race over OpenAI. Why that's scaring many investors

Alphabet 's recent move into the spotlight on artificial intelligence has sent its shares jumping while other major technology names flounder. Shares of the Google parent surged more than 5% on Monday, adding to last week's gain of more than 8%. The Big Tech stock is on track to finish November higher by more than 11%, which would mark its eighth straight winning month. GOOGL 1M mountain Alphabet, 1-month Wall Street sees Alphabet having an edge in building AI models. It's also considered separate from the circular dealmaking tied to OpenAI that has raised alarm around a potential bubble in recent weeks. "Some investors are petrified that Alphabet will win the AI war due to huge improvements in its Gemini AI model and ongoing benefits from its custom TPU chip," Melius Research analyst Ben