Alphabet at Google I/O took the gloves off in pricing AI models versus rivals OpenAI and Anthropic. Google stock has climbed 25% in 2026.

BofA backs Alphabet ($GOOGL) with a Buy rating ahead of Google I/O, predicting major Gemini updates and agentic AI tools.

After a 140% stock surge and a sweeping Wall Street reset, Google’s developer conference has to prove the AI story is more than a market narrative.