Google Surpasses Apple to Become World's Second Most Valuable Company with Gemini

Odaily News: Alphabet, Google's parent company, has surpassed Apple to become the world's second most valuable company, reflecting Alphabet's emergence as one of the most prominent winners in the field of artificial intelligence. Alphabet's stock price rose 2.4% on Wednesday, closing with a valuation of $3.89 trillion. This propelled it past Apple, which closed Wednesday with a market capitalization of $3.85 trillion; Apple's stock had previously suffered six consecutive days of sharp declines, erasing nearly 5% of its value, or approximately $200 billion. This divergence widened further on Thursday, with Apple opening down 1.2% while Alphabet rose 1.1%. This marks the first time since 2019 that Alphabet's market value has exceeded Apple's. Nvidia remains the most valuable stock, with a valuation of approximately $4.6 trillion. Alphabet's stock has seen a rapid surge recently, gaining over 65% during 2025, making it the best performer among the "Magnificent Seven" U.S. stocks. This strong performance largely reflects a growing market consensus that Alphabet holds excellent advantages across multiple key areas of AI. The company's latest Gemini AI model has been widely praised, helping to alleviate market concerns about competition from companies like OpenAI; meanwhile, its Tensor Processing Unit (TPU) chips are also seen as a potentially significant future driver of revenue growth. (Jin10)