"Shares rose as much as 1.7% to $334.04, translating to a market cap of $4 trillion. The company recently overtook Apple Inc. to become the second-largest firm, behind Nvidia Corp. Only Nvidia, Apple, and Microsoft Corp. have topped the $4 trillion barrier, and Nvidia remains the lone company to ever crest $5 trillion. Monday's gain came after CNBC reported that Apple had picked the company's Gemini to run an AI-powered version of its Siri digital assistant."
"In November, Bloomberg News reported that Apple was planning to pay Alphabet about $1 billion a year for an AI Siri. The stock has risen 4.8% so far this year, building on last year's rally of more than 65%, which made it the top performer among the Magnificent Seven. The gain over 2025 added almost $1.5 trillion to Alphabet's market valuation."
Alphabet Inc. surpassed a $4 trillion market capitalization after shares rose as much as 1.7% to $334.04. The company overtook Apple to become the second-largest firm, trailing Nvidia. Only Nvidia, Apple, and Microsoft have previously topped $4 trillion, while Nvidia is the only firm to exceed $5 trillion. CNBC reported Apple selected Alphabet's Gemini to power an AI-enabled Siri, and Bloomberg reported Apple planned to pay about $1 billion annually for AI Siri. The stock rose 4.8% so far this year after a more than 65% rally last year, adding roughly $1.5 trillion to valuation. Strong Gemini reviews and tensor processing unit chips underpin investor confidence in Alphabet's AI advantages.
Read at www.mercurynews.com
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