Alphabet (GOOGL) Stock Rises After Hours as Google Preps Gemini 3.8 Flash AI Coding Model
TLDR
- Google is set to release Gemini 3.8 Flash, codenamed “Skimaki,” as soon as Wednesday, with upgraded coding capabilities.
- GOOGL stock gained 0.6% in after-hours trading Tuesday after news of the upcoming model broke.
- Google engineers preferred Gemini 3.8 Flash over Anthropic’s Opus in internal coding tests using the Jetski tool.
- Google Cloud revenue surged 82% to $24.8 billion in Q2, with a backlog now at $514 billion.
- Wall Street rates GOOGL a Strong Buy, with an average price target of around $426 implying roughly 26-27% upside.
Alphabet’s GOOGL stock was up 0.6% in after-hours trading on Tuesday after The Wall Street Journal reported that Google is preparing to launch a new AI model called Gemini 3.8 Flash. The stock had closed Tuesday’s regular session down nearly 1.3%.
The model, internally codenamed “Skimaki,” could launch as soon as Wednesday. It is designed specifically to improve Google’s coding capabilities, an area where Gemini has fallen behind rivals from Anthropic and OpenAI in recent months.
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