Alphabet shares jumped 65% in 2025, their sharpest rally since 2009, when the stock doubled coming out of the financial crisis.
After a tough first few months this year, Google picked up momentum with a number of AI products and announcements.
“We come away believing Google can further accelerate search revenue in 4Q25, which we view as the key question near term,” analysts at Citizens wrote in a note on Tuesday.
Among the eight tech companies valued at over $1 trillion, Alphabet was by far the biggest gainer. The next sharpest rallies came from chipmakers Broadcom and Nvidia, which gained 49% and 39%, respectively.