$GOOGL

Google, a subsidiary of Alphabet (GOOG, GOOGL), has signed a 396-MW power purchase agreement with Fervo Energy (FRVO) for clean geothermal energy. The deal, the largest of its kind, will supply Google's data centers and validate Fervo's Enhanced Geothermal Systems technology. Fervo aims to deliver power by 2028, with a total potential capacity of 1 GW by 2030. The partnership highlights Fervo's role in meeting AI power demands and its growth prospects.

Anthropic, an AI company, is preparing for an IPO later this fall. It has raised $130 billion from 300 institutional investors and is valued at $965 billion. Major investors include Amazon, Alphabet, Salesforce, Nvidia, and Microsoft. The IPO could raise up to $100 billion at a $2 trillion valuation, potentially surpassing SpaceX's recent listing. Despite growing AI safety concerns, investor demand remains high.

Ohio may reconsider tax breaks for data centers, potentially affecting Amazon (AMZN), Meta (META), and Alphabet (GOOGL). The state's sales-tax exemption for data center equipment is now valued at $1.5B in 2025, up from initial estimates. Some lawmakers propose repealing the exemption and renegotiating deals. AMZN, META, and GOOGL have invested billions in Ohio data centers.

Alphabet Inc. (GOOGL) has hired key researchers from AI startup Mechanize Inc. to join its DeepMind division, focusing on coding and chatbot development. Over a dozen ex-Mechanize employees are working on 'midtraining,' a crucial stage in chatbot development. Google reportedly negotiated a $1.5B deal for Mechanize's technology and staff, while Mechanize raised $9.1M at a $500M valuation. Alphabet's stock is showing long-term upward movement according to Benzinga's Edge Stock Rankings.

Alphabet (GOOGL) plans a $15.1B investment in Finnish AI infrastructure, expanding its data centers and securing nuclear power. This boosts Nvidia (NVDA) due to increased AI demand, but Google's custom AI accelerators may limit Nvidia's gains. Alphabet's 2026 capex is projected at $195B-$205B, with AI revenue potential offset by high spending.

Alphabet's stock (GOOGL) rebounded above $340 after introducing Gemini for desktop, allowing direct PC access to its AI assistant. The company faces challenges including high infrastructure spending, competition, and regulatory risks. Search and Cloud remain key growth areas, but investors are sensitive to spending and monetization timelines. Technical levels and Q2 earnings will be important for stock performance.

Google launched a native Gemini app for Windows on September 10, 2026, featuring a floating overlay accessible via Alt+Space. The app integrates with Gmail, Google Drive, and Gemini Spark agents, and is available for Windows 10 and 11 on x64 and ARM64 machines. Microsoft's Copilot, already integrated into Windows, has 420 million monthly active users, according to Stackmatix, presenting a significant competitive challenge for Gemini.

Alphabet (GOOG, GOOGL) announced a new AI app, Gemini for desktop, which integrates its AI assistant into personal computers. The stock rose 1.7% following the news. Alphabet's shares have gained 37% over the past year, outperforming the S&P 500, with a forward P/E of 17 and expected annual earnings growth of 15%.

U.S. Senate negotiators are debating legislation to require AI firms to mitigate major risks, with potential government oversight and court challenges. The bill, still under negotiation, would apply to advanced AI models from companies like Alphabet's Google, Anthropic, and OpenAI. Passage faces challenges due to the congressional calendar and upcoming elections.

Google Cloud integrated Gemini Enterprise into Avid Media Composer, challenging Adobe's dominance in Hollywood post-production software. Gemini processes 22 billion API tokens per minute, with 90% of Fortune 100 companies using it. Adobe's shares have fallen 62% over five years. Google Cloud revenue grew 82% year over year to $24.77 billion.