Alphabet shares fall on report of Gemini 3.5 Pro delay, while Apple shares hit fresh highs

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Alphabet shares sank following a report that the company has delayed releasing its flagship artificial intelligence model.

Meanwhile, Apple has surged 22% this year, outperforming the market as investors reward its AI agenda and light capital spending model as businesses commit unprecedented capital to the infrastructure buildout.

CNBC’s MacKenzie Sigalos explains.