Alphabet nears $4 trillion as AI-driven rally pushes shares higher

Google rides the AI wave as investors rush in, pushing the tech giant toward a historic milestone.

Alphabet, the parent company of Google, saw its shares hit a record $315.9 on Monday, bringing its market value to $3.82 trillion and putting it on the brink of joining the exclusive $4 trillion club. The stock has surged nearly 70% this year, outperforming AI rivals like Microsoft and Amazon.

The rally comes as Alphabet capitalizes on the AI boom, turning its cloud business into a growth engine, attracting investment from Warren Buffett’s Berkshire Hathaway, and earning early praise for its Gemini 3 AI model. Analysts say Google is well-positioned in the AI race thanks to strong cash flow, in-house chips, and a dominant search business already benefiting from AI integration.

Still, some experts caution that soaring valuations could be detached from fundamentals, raising concerns about a potential market bubble reminiscent of the dot-com era.