By Sam Goldfarb
Tech shares have been stumbling lately, but Alphabet is a glaring exception.
Shares of the Google-parent were up about 1% Thursday-on pace for their first record close since late November-even as the information technology sector of the S&P 500 was down more than 1.5%.
The company's market capitalization is now close to $4 trillion, reflecting a growing belief among investors that the tech giant can outduel competitors like OpenAI-defending its search business while making strides with its Gemini artificial-intelligence app.
The November release of Google's latest Gemini model outperformed OpenAI's ChatGPT on a variety of measures, sending Alphabet's stock soaring.
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(END) Dow Jones Newswires
January 08, 2026 11:39 ET (16:39 GMT)
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