Alphabet surpasses Apple in market value for the first time since 2019

Alphabet, the parent company of Google, has surpassed Apple, the manufacturer of iPhones, to become the second largest company in the world in terms of market value, which confirms investors’ confidence in its artificial intelligence strategy, surpassing Apple in market value for the first time since 2019.
Alphabet shares rose 2.4% on Wednesday, raising its market value to about $3.89 trillion, surpassing Apple’s value of $3.85 trillion. The gap widened further yesterday as Alphabet shares continued to rise while Apple shares fell again.
Apple’s decline came in the wake of a series of losses that lasted six days, wiping out nearly 5% of its market value, which is equivalent to approximately $200 billion.
This mixed performance highlights how investors differently view the near-term growth prospects of the two tech giants.
Alphabet’s rebound on Wall Street marks the first time since 2019 that it has surpassed Apple in market value. Analysts point to Alphabet’s aggressive approach in the field of artificial intelligence as a main driver of the rise in its shares.
From generative AI models to expanding AI tools across search, cloud and productivity products, the company is increasingly seen as one of the biggest beneficiaries of the AI ​​boom.
On the other hand, Apple faced pressure amid concerns about slowing demand for devices and questions about the pace of its introduction of artificial intelligence technologies. While Apple remains one of the most valuable companies in the world, Alphabet’s rise reflects a shift in market sentiment as artificial intelligence becomes a central force shaping the valuations of major technology companies.