Google Alphabet stock price today: Alphabet shares surges 6% as Google roars back in AI — is Nvidia’s reign under serious threat? Here’s the key reason

Alphabet stock surged nearly 6% on Monday as Google’s new Gemini 3 AI model powered a sharp comeback in the tech giant’s market position and raised fresh questions about Nvidia’s dominance in AI computing. GOOGL and GOOG both traded above $300 for the first time, hitting an intraday high of $317.75. Analysts said Gemini 3 is outperforming rivals from OpenAI and Anthropic and is backed by Google’s own custom AI chips, reducing long-term dependence on Nvidia.

Nvidia slipped about 0.5% despite strong earnings, while AMD gained nearly 4% and Arista climbed over 3%.

Alphabet’s rise comes on the back of a 70% annual gain, with shares closing Friday at $299.66 after four straight quarterly earnings beats. Q3 pretax profit rose 39% and margins expanded seven points even as capital spending increased from $13 billion to $24 billion. Google Cloud revenue jumped 34% year-over-year, beating Microsoft Azure’s 33% and Amazon AWS’s 20%.


Gemini usage also expanded to 650 million monthly users, with generative AI web traffic share rising from 5.6% to 13.7% in a year. Analysts lifted price targets toward $325 to $355. Alphabet’s market cap now exceeds $3.6 trillion, making it the fastest-growing Magnificent Seven stock of 2025.

Alphabet jumps nearly 6% as Gemini 3 fuels fresh AI momentum

Alphabet stock soared Monday, rising almost 6% as GOOGL and GOOG crossed above $300 for the first time in company history. Shares hit an intraday high of $317.75. The rally came after Google launched its new Gemini 3 AI model on Nov. 18, which analysts say outperforms models from OpenAI and Anthropic. The move pushed Alphabet toward its third record in a week, defying broader concerns about an AI bubble pulling down other tech names.

Nvidia slips as investors weigh Google’s custom AI chips and rising competition

Nvidia shares fell about 0.5% despite a strong earnings report. Analysts say Google’s aggressive AI resurgence is a bigger concern for Nvidia than hyperscaler spending cuts. Alphabet’s strategy relies on its in-house AI chips, reducing dependence on Nvidia. The shift is drawing attention across the AI industry. AMD jumped 3.8%. Arista rose 3%. Microsoft was flat. Amazon gained more than 2%. The mixed moves reflect early signs of competitive realignment as Google’s AI stack gains momentum.

Alphabet delivers record financial performance with 70% yearly gain

Alphabet closed Friday at $299.66, marking a 70% gain over 12 months. Q3 pretax profit rose 39% year-over-year with margins expanding seven percentage points, even as capital spending surged from $13 billion to $24 billion. Google Search revenue grew 15% and still contributes 55% of overall revenue. Alphabet now trades at 26 times earnings, up from 20 times last year. Berkshire Hathaway invested $4.34 billion in the company, reinforcing market confidence in Google’s long-term AI strategy.

Google Cloud revenue grew 34% in Q3, beating Microsoft Azure’s 33% growth and Amazon AWS’s 20% increase. Cloud now holds 13% global market share, compared with AWS at 29% and Azure at 20%. Forecasts project $75 billion in Google Cloud revenue by 2026. Gemini usage also accelerated. Monthly active users reached 650 million. Market share in generative AI web traffic climbed from 5.6% to 13.7% in one year. Google says Deep Think, new coding tools and updated generative interfaces are driving adoption.

Wall Street remains strongly bullish. BNP Paribas reinstated coverage with a $355 price target. Evercore lifted its target to $325. Analysts’ average forecast stands at $321.94, suggesting more upside. Valuation remains below most of the Magnificent Seven, aside from Meta. Technical indicators show an overbought reading but analysts expect support around $290 on any pullback. Waymo also remains a growth driver heading into 2026. Alphabet’s year-to-date gain of nearly 59% leads the group. Market cap now sits above $3.6 trillion.

GOOGL and GOOG are stock tickers for two different classes of shares in Alphabet , the parent company of Google. Both represent economic interest in the same company, but there are key differences investors should know.

GOOGL vs. GOOG: Key Details

• GOOGL (Class A): These shares grant holders one vote per share, giving shareholders a say in corporate governance and decisions. As of the latest data, GOOGL is trading at $317.43 per share on the NASDAQ with a price-to-earnings ratio of 31.34.
• GOOG (Class C): These shares carry no voting rights, so shareholders cannot influence company decisions directly. GOOG is trading at $317.36 per share with a price-to-earnings ratio of 31.33.