Alphabet Stock Price: The Data Behind Its Movement & Its Position Among Big Tech
Larry Page's $267 Billion Fortune: Is Alphabet Stock the New Gold Standard?
Larry Page, co-founder of Google, has ascended to the rarefied air of being the world's second-richest individual, trailing only Elon Musk. This isn't due to some lucky lottery win, but rather a substantial rally in Alphabet shares. On Monday, November 24, 2025, Page's net worth, according to Forbes, hit $267.5 billion, surpassing Oracle's Larry Ellison. The catalyst? A 6.31% surge in Alphabet's stock price triggered by reports of Meta Platforms potentially utilizing Google's AI chips. Larry Page becomes second richest person in the world after Alphabet share rally — What's his net worth?
The narrative is compelling: AI demand fueling Google's growth, propelling its founders to unprecedented wealth. But let's dissect the numbers.
The Meta Factor: A Billion-Dollar Bet?
Meta's potential reliance on Google's Tensor Processing Units (TPUs) is being touted as a major win. The Information reported Meta might spend billions on these chips for its data centers by 2027 and could even rent Google Cloud chips as early as next year. That’s a nice vote of confidence, sure, but how much does it really move the needle? Alphabet's Q2 2025 ad revenue alone was $71.3 billion. A "billion-dollar" deal, while significant, is a drop in the ocean for a company of this scale. And it's not revenue yet - it's a potential deal.
Alphabet's stock has indeed rallied almost 70% this year, outperforming other megacaps and inching closer to a $4 trillion market capitalization. But correlation isn’t causation. The rising tide of AI optimism has lifted all boats, and Alphabet, with its deep pockets and existing infrastructure, was well-positioned to benefit. But I find it odd that the stock price jumped so much on talks of a deal, not an actual signed contract.
Shares of Google parent Alphabet have rallied almost 70% this year, outperforming other megacaps and bringing it close to the prized $4 trillion market capitalisation.
The Long Game: Beyond Advertising
Alphabet's ambitions extend far beyond search advertising. Investments in Waymo (autonomous driving), Google Cloud, and quantum computing are presented as "new growth pillars." The question is: when will these pillars truly support the weight of investor expectations? Google Search still commands nearly 90% of the global search engine market, processing millions of queries per minute. The dependence on advertising revenue remains a vulnerability, despite diversification efforts.
Projections from various analysts paint a bullish picture. One source suggests Alphabet stock could reach $426 by 2030. Algorithmic forecasts from CoinCodex predict even more dramatic growth, with a "bullish prediction" of $572.64 by 2030. However, these are just that: predictions. They rely on models that, while sophisticated, are ultimately based on historical data and assumptions about future market conditions. The algorithmic forecasts, by the way, have a pretty wide range. The "bearish prediction" for 2030 is $451.4. That's a discrepancy of over $120 per share depending on which way the wind blows. GOOG Stock Price Prediction: Where Alphabet Could Be by 2025, 2026, and 2030
And this is the part of the report that I find genuinely puzzling. Why is there so much variance in the long-term predictions? Is it because analysts fundamentally disagree on Alphabet's ability to innovate? Or is it simply because predicting the future is, you know, impossible? The data doesn't tell us.
Weighing the Risks: Regulation and Competition
The bear case against Alphabet centers on its dependence on advertising and the potential for disruption in search. Competitors are increasingly leveraging AI-powered alternatives, and major shifts in user behavior could threaten Alphabet's traditional monetization model. Moreover, Alphabet faces significant regulatory scrutiny. Ongoing antitrust cases could lead to structural reforms or even a breakup, fundamentally reshaping the company. Data privacy regulations and lawsuits surrounding digital advertising practices add further uncertainty.
I've looked at hundreds of these filings, and the "risk factors" section is always a laundry list of potential problems. But the scale of the potential risks facing Alphabet is what stands out. A breakup? That's not just a "risk factor," that's an existential threat.
Alphabet's Ascent: A House Built on Sand?
Alphabet's rally to a near $4 trillion valuation is undoubtedly impressive. Larry Page's personal wealth is a testament to the company's success. But beneath the surface, the reliance on advertising revenue and the looming threat of regulatory action cast a shadow. The potential Meta deal is a positive signal, but it shouldn't be mistaken for a game-changer. The long-term forecasts are optimistic, but they come with a wide margin of error.