Alphabet (GOOGL) has crossed the $3 trillion milestone, marking a historic achievement roughly 20 years after Google’s IPO and just over a decade since the creation of Alphabet as its parent holding company.
Alphabet shares are up more than 30% this year, far outpacing the Nasdaq’s 15% gain. The surge underscores investor confidence despite rising competition and regulatory challenges.
Since Sundar Pichai became CEO of Alphabet in 2019, succeeding co-founder Larry Page, the company has navigated increasing scrutiny in both the U.S. and Europe, alongside the rapid evolution of artificial intelligence.
Competition from OpenAI and Perplexity has tested Alphabet’s dominance, but also contributed to a recent favorable antitrust ruling in Google’s favor. Moving forward, much of Alphabet’s AI ambitions hinge on Gemini, its flagship suite of AI models designed to anchor its leadership in the space.
The $3 trillion valuation cements Alphabet’s status as one of the world’s most valuable companies, joining the ranks of other tech giants that have reached the milestone in recent years.