Google's Gemini tech improves ad relevance and conversion rates. Alphabet as second-largest company by market cap on July 31 at 4.4% YES.

Alphabet shares rose after a report said Google is building the Frozen v2 AI chip to make Gemini faster, more efficient, and reduce computing power needs.

The Google parent - set to report second-quarter results on Wednesday - has delayed from June the launch of its next flagship model, Gemini 3.5 Pro, built especially to catch…