TechCrunch
30 Sept 2026, 23:43 UTC · 1w ago
Google releases Gemini 4 Argon, called its most powerful model yet
Impact · against what's priced in
Alphabet may see a valuation re-rating as Gemini 4 Argon's benchmark lead and autonomous patching capabilities support the cloud growth and margin expansion the market currently refuses to pay for. Oracle's force majeure notice on its New Mexico data center is a negative catalyst that validates market skepticism regarding its capital-intensive AI build-out. AMD's acquisition of World Labs is material growth but separate from the primary data center revenue catalysts currently being debated by the market.
- GOOGL+0.50
Challenges what's priced in
- The price assumes
Cloud growth sustaining at or above 40%
The ability of Gemini 4 Argon to autonomously patch vulnerabilities could accelerate enterprise migration to Google Cloud, supporting the 40%+ growth rates the market currently declines to price in.
