The tech giant on Wednesday surpassed Apple in market capitalisation for the first time since 2019, becoming the second most valuable company in the world.
The milestones mark 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, the so-called Magnificent Seven. The stock has gained another 6% so far this year, and was last up 1.1%.
The shift was fueled by the company quelling concerns that it let an early AI advantage slip by, turning a once-overlooked cloud unit into a major growth engine and drawing a rare tech investment from Warren Buffett’s Berkshire Hathaway.
Its new Gemini 3 model has also drawn strong reviews, intensifying pressure on OpenAI after GPT-5 left some users underwhelmed. A Reuters report said that Samsung Electronics plans to double this year the number of its mobile devices with AI features powered by Google’s Gemini.
–Reuters–
