benchmark

The benchmark S&P 500 index traded flat.

The moves highlight Google’s emerging presence in the AI semiconductor space, where Nvidia maintains a commanding lead in terms of market share thanks to cutting-edge systems and software that remain the benchmark for computing performance.

The strong performance of Gemini 3 on industry benchmarks may even be contributing to the more recent pressure on other AI stocks.

It provides exposure to a broad market index like the S&P 500, seeking performance relative to its benchmark while actively harvesting losses, usually on a monthly basis.

Meanwhile, its benchmark’s return sank to 20.7% after taxes because of the taxes on its dividends.