"Google's parent company hit a major financial milestone on Monday, reaching a $4tn valuation for the first time and surpassing Apple to become the second-most valuable company in the world. Alphabet is the fourth company to hit the $4tn milestone after Nvidia, which later hit $5tn, Microsoft and Apple. The spike in share price comes after Apple announced it had chosen Google's Gemini AI model to power a major overhaul of the iPhone maker's digital assistant Siri, which comes installed in every iPhone."
"After careful evaluation, we determined that Google's technology provides the most capable foundation for Apple Foundation Models, Apple said in a statement to CNBC. As tech stocks continue a years-long meteoric rise, fears of a bubble in the stock market persist; however, Wall Street's excitement for new avenues of investment in AI does as well. Alphabet's milestones signal a remarkable change in investor sentiment for Alphabet, with its stock surging about 65% in 2025, outperforming its peers on Wall Street's elite group of stocks,"
Alphabet reached a $4tn market valuation and surpassed Apple to become the world's second-most valuable company. The share-price surge followed Apple's selection of Google's Gemini AI to power a major overhaul of Siri. Google's stock rose about 65% in 2025, outperforming other Magnificent Seven peers, driven by high-profile AI product launches including Gemini and the Nano Banana image generator. Google Cloud revenue jumped 34% in the third quarter with a $155bn backlog of unrecognized sales contracts. Alphabet benefits from renting out self-developed AI chips and renewed investor confidence in its AI strategy amid broader tech stock momentum.
Read at www.theguardian.com
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