Alphabet’s market cap surpasses Apple’s for first time since 2019

Google’s parent company Alphabet saw its market value exceeded Apple’s For the first time since 2019.

Alphabet’s market cap closed at $3.88 trillion on Wednesday. Alphabet shares closed up more than 2% at $322.03 on Wednesday. Meanwhile, Apple’s market cap closed Wednesday at $3.84 trillion, with shares losing more than 4% in the past five days.

The positional transformation in market value underscores that Alphabet and Apple are moving in different directions when it comes to AI strategies.

Alphabet finished 2025 as one of Wall Street’s top performers after putting together the pieces for its AI comeback. In November, the company introduced Ironwood, a custom AI chip that is the seventh generation of tensor processing units and has emerged as a potential alternative to artificial intelligence. Nvidia’s offers. Then in December, Google introduced Gemini 3 to rave reviews comments.

Alphabet’s shares are up 65% in 2025; This marked the company’s sharpest rise since 2009, when shares doubled after the financial crisis.

CEO Sundar Pichai has repeatedly said the company is responding to growing demand. Google’s cloud business will sign more than $1 billion worth of deals by the third quarter in 2025, compared to the previous two years combined, Alphabet said in its October earnings call.

Apple, meanwhile, has largely stayed out of the tech industry’s AI race, which kicks off when OpenAI launches ChatGPT in late 2022.

Apple was supposed to launch its next-generation Siri AI assistant last year, but the company delayed this release. Apple has promised to launch a “more personal Siri” in 2026.

Wall Street firm Raymond James downgraded Apple this week and said earnings would be difficult to achieve in 2026.

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