\n<\/p>\n
Google\u2019s 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.<\/p>\n
Alphabet is the fourth company to hit the $4tn milestone after Nvidia, which later hit $5tn, Microsoft and Apple.<\/p>\n
The spike in share price comes after Apple announced it had chosen Google\u2019s Gemini AI model to power a major overhaul of the iPhone maker\u2019s digital assistant Siri, which comes installed in every iPhone. Neither company disclosed how much the deal was worth.<\/p>\n
\u201cAfter careful evaluation, we determined that Google\u2019s technology provides the most capable foundation for Apple Foundation Models,\u201d Apple said in a statement to CNBC.<\/p>\n
As tech stocks continue a years-long meteoric rise, fears of a bubble in the stock market persist; however, Wall Street\u2019s excitement for new avenues of investment in AI does as well. Alphabet\u2019s milestones signal a remarkable change in investor sentiment for Alphabet, with its stock surging about 65% in 2025, outperforming its peers on Wall Street\u2019s elite group of stocks, the so-called \u201cMagnificent Seven\u201d.<\/p>\n
The tech giant has allayed investors\u2019 doubts about its artificial intelligence strategy in recent months with a series of high-profile product launches, including the latest version of its flagship AI model, Gemini, and the popular Nano Banana image generator and editor. OpenAI, the maker of ChatGPT and Google\u2019s insurgent rival, left investors and consumers underwhelmed with the release of its latest model, GPT-5, which allowed Alphabet to surge ahead.<\/p>\n
Google, best known for making the world\u2019s most popular search engine and browser, has also turned its once-overlooked cloud unit into a major growth engine, which drew a rare tech investment from Warren Buffett\u2019s Berkshire Hathaway. Google Cloud\u2019s revenue jumped 34% in the third quarter, with a backlog of non-recognized sales contracts rising to $155bn. Renting out Google\u2019s self-developed AI chips that were reserved for internal use to outside customers has also enabled the unit\u2019s breakneck pace of growth.<\/p>\n
Meanwhile, the company\u2019s dominant revenue generator \u2013 the advertising business, driven by Google Search and YouTube \u2013 has largely held steady in the face of economic uncertainty and intense competition.<\/p>\n
The company has faced two landmark US antitrust suits as it has navigated its place in the AI boom. After Google lost the first case, a judge ruled in September against breaking up the company, allowing it to retain control of its Chrome browser and Android mobile operating system.<\/p>\n
In the second case, a judge ruled Google had illegally monopolized the online ad market last April. A trial over how to remedy the monopoly began in September, which could see the judge forcing Google to divest parts of its lucrative ads business to foster competition.<\/p>\n","protected":false},"excerpt":{"rendered":"
Google\u2019s 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<\/p>\n","protected":false},"author":1,"featured_media":41432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[3395,19455,3198,696,2016,102,1219,6730],"class_list":{"0":"post-41431","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-4tn","9":"tag-alphabet","10":"tag-apple","11":"tag-deal","12":"tag-google","13":"tag-hits","14":"tag-parent","15":"tag-valuation"},"_links":{"self":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/41431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=41431"}],"version-history":[{"count":0,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/posts\/41431\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=\/wp\/v2\/media\/41432"}],"wp:attachment":[{"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=41431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=41431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/naijaglobalnews.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=41431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}