Jan. 13 at 6:33 PM
Alphabet stock extended its record run after surpassing a
$4 trillion market cap, cementing Google’s position as Wall Street’s leading AI play. Shares hit new highs following the announcement of an AI partnership with Apple, under which Google’s Gemini will power Apple’s AI features.
Alphabet became the fastest U.S. company to climb from a
$3 trillion to a
$4 trillion valuation, achieving the milestone in just 82 trading days, far quicker than Nvidia, Microsoft, or Apple. The rally has been driven by strong momentum in Gemini AI models and Google’s tensor processing units (TPUs), which can offer cost advantages over Nvidia’s GPUs in certain workloads.
Since first crossing
$3 trillion in September, Alphabet shares are up 32%, significantly outperforming Nvidia, which has gained just 4% amid concerns that Google’s TPUs could threaten its core chip business.
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