Alphabet’s (NASDAQ: GOOGL) late-November rally has pushed the company to the brink of joining the exclusive $4 trillion market-cap club.
Based on its current valuation of $3.844 trillion, Alphabet needs roughly $156 billion in additional market value to cross the threshold.
Notably, the Google parent company closed Monday’s session at a new high of $318.47, up over 6% for the day.
Notably, if Alphabet reaches a $4 trillion market cap, its stock would trade at approximately $331 per share, meaning the equity needs an additional $13 from its most recent closing price to reach this level.
At the same time, the valuation surge has widened Alphabet’s lead over other major tech names. In this case, the combined market capitalizations of Meta Platforms and Tesla total $2.934 trillion, still trailing Alphabet.
Should Google cross the $4 trillion mark, it would join Apple and Nvidia as the only companies currently in that valuation tier.
Why Google stock is rallying
The surge in Google’s stock has been driven by a series of catalysts that began accelerating in mid-November. For instance, the launch of Gemini 3 on November 18, Google’s most advanced AI system to date, triggered a renewed wave of investor confidence.
The model is now embedded across Search, the Gemini app, and Google’s developer ecosystem, reinforcing the view that Google is strengthening its position in the generative-AI race.
Momentum intensified after November 20, when major Wall Street analysts issued upgraded outlooks reflecting stronger conviction in Google’s AI execution. The upgrades followed a robust third-quarter performance, including rapid expansion in Google Cloud and resilient Search and YouTube advertising revenue.
During the quarter, the technology company posted revenue of $102.35 billion versus $99.89 billion expected, and adjusted earnings per share of $3.10, well above the $2.33 forecast.
YouTube ad revenue came in at $10.26 billion, while Google Cloud brought in $15.15 billion, reflecting strong demand for AI-driven services. Traffic acquisition costs were $14.87 billion. Alphabet also raised its 2025 capital expenditure guidance to $91–$93 billion, citing growth across its businesses and robust cloud demand.
Meanwhile, recent legal outcomes have eased concerns about potential structural breakups, giving investors clearer visibility into Google’s operating landscape.
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