Overview
- Alphabet became the fourth company to reach a $4 trillion valuation, with shares up about 1% to 2% on Monday.
- Apple and Google announced a multi-year collaboration that makes Gemini the basis for Apple Foundation Models and a more personalized Siri arriving this year.
- Alphabet recently surpassed Apple in market value for the first time since 2019, taking the No. 2 spot globally.
- Investor reappraisal has been fueled by strong reviews for Gemini 3, the launch of Ironwood TPUs, and monetization through TPU rentals as Google Cloud grew 34% in Q3 with a $155 billion backlog.
- Sentiment was reinforced by a federal ruling against breaking up Google and Berkshire Hathaway’s newly disclosed stake, even as some warn of AI-driven valuation risks.