{"id":146372,"date":"2025-09-15T19:40:10","date_gmt":"2025-09-15T19:40:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/146372\/"},"modified":"2025-09-15T19:40:10","modified_gmt":"2025-09-15T19:40:10","slug":"alphabet-enters-us3-trillion-market-cap-club-as-big-techs-ai-momentum-builds","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/146372\/","title":{"rendered":"Alphabet enters US$3-trillion market cap club as Big Tech\u2019s AI momentum builds"},"content":{"rendered":"

Google-parent Alphabet GOOGL-Q<\/a> hit a market capitalization of US$3-trillion for the first time on Monday, riding on renewed optimism around artificial intelligence and a favorable antitrust ruling.<\/p>\n

Class A shares of the company were up 3.8 per cent at US$250, while Class C shares climbed 3.7 per cent to US$250.4 – both trading at record highs.<\/p>\n

Including Monday\u2019s gains, the company\u2019s shares have rallied more than 32 per cent so far this year, the best performer among the so-called \u201cMagnificent 7\u201d stocks and outpacing the 12.5-per-cemt gain for the S&P 500.<\/p>\n

Alphabet joined other tech giants Apple and Microsoft in hitting a US$3-trillion valuation, while AI chipmaker Nvidia, the world\u2019s most valuable company, boasts a market cap of US$4.25-trillion.<\/p>\n

Technology and AI-linked stocks have powered Wall Street\u2019s main indexes to record highs lately amid growing hopes that the U.S. Federal Reserve will cut interest rates later this week.<\/p>\n

Oracle\u2019s blowout forecast last week was the latest to fire up the AI trade.<\/p>\n

Kim Forrest, chief investment officer at Bokeh Capital Partners, said tech stocks have been the leaders of the recent rally and \u201cthere has been no other (sector) in the past 18 months, maybe even two years that has had such excitement from investors.\u201d<\/p>\n

The communications services sub-sector – which houses Alphabet – has jumped more than 26 per cent so far this year, making it the best performing sector among the 11 major sub-indexes with information technology in second place.<\/p>\n

Investor sentiment received a boost after a U.S. court earlier this month allowed Alphabet to retain control of its Chrome browser and Android mobile operating system<\/a>, marking a pivotal moment for the company whose dominance in search and mobile ecosystems has long drawn scrutiny.<\/p>\n

While sharing data as part of the ruling will strengthen Google\u2019s advertising business rivals, not having to divest Chrome or Android removes a major concern for investors who view them as key pieces to Google\u2019s overall business.<\/p>\n

In July, the company\u2019s cloud-computing unit delivered an almost 32-per-cent jump in second quarter revenue, surpassing expectations as investments in in-house chips and the Gemini AI model began to pay off.<\/p>\n

\u201cThey still are very dependent on search, but with YouTube, Waymo, and other capabilities and products they\u2019re working on, investors are starting to see that possibility that this isn\u2019t just a search company anymore, this is a company that\u2019s moving into a lot of other things,\u201d said Dennis Dick, chief strategist at Stock Trader Network.<\/p>\n

Alphabet trades at around 23 times its forward earnings – the lowest among the \u201cMagnificent 7\u201d – compared to its five-year average 22, according to data compiled by LSEG.<\/p>\n

Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter. Sign up today<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Google-parent Alphabet GOOGL-Q hit a market capitalization of US$3-trillion for the first time on Monday, riding on renewed…\n","protected":false},"author":2,"featured_media":146373,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,901,276,277,888,902,879,877,903,49,48,876,895,896,891,878,875,46,549,295,894,887,914,880,881,893,889,890,884,904,885,909,910,912,907,911,905,908,882,898,899,714,897,906,865,61,900,892,886,883,913],"class_list":["post-146372","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-alberta","tag-artificial-intelligence","tag-artificialintelligence","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-ca","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/146372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=146372"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/146372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/146373"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=146372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=146372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=146372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}