Alphabet (GOOGL) moved past Microsoft (MSFT) in market value after a steady climb this year. The stock rose about 3.5% on Friday, pushing the company’s market value to $3.58 trillion. Microsoft now stands at $3.52 trillion. The shift came after a strong run for Alphabet in 2025. The stock is up 59% for the year.
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The gain follows solid results from Alphabet, which posted $102.35 billion in revenue for the third quarter of 2025. The ad unit rose to $74.18 billion, and this helped the full result. The cloud unit grew 34% to $15.16 billion. The pace in this unit beat the view from many analysts.
In addition, sentiment grew after Berkshire Hathaway (BRK.A) (BRK.B) revealed a $4.9 billion stake in the company. This move added support for the stock. Soon after, Alphabet launched Gemini 3 on November 18. The model is now part of Search, the Gemini app, and Cloud tools. Early use has been positive, and this has added to the lift in shares.
Microsoft Slips
Microsoft regressed from its peak near $555 and now trades near $478. The stock is down about 12% from its late October high. The slip came as some investors moved to value stocks. The slip also came as some watchers grew more wary of high spending on new systems.
Microsoft still posted sound results in its fiscal first quarter of 2026. Azure grew 37% in the period. Yet heavy spending on new AI sites, set to reach $35 billion for the quarter, raised fresh doubts. Some investors now wait to see if the return on this spend can match the plan.
As the move in both stocks plays out, Nvidia (NVDA) holds the top spot with a value of around $5 trillion. Apple (AAPL) is next at about $4 trillion. Alphabet now stands in third place, with Microsoft in fourth.
We used TipRanks’ Comparison Tool to line up side by side all four companies occupying the first four spots. It’s a great tool for investors to gain an in-depth look at each stock and see how it stacks up against industry peers.
