The share price of Alphabet, Google's parent company, recently witnessed a surge of over 3%, hitting an all-time high. This milestone pushed its total market value to exceed $3 trillion for the first time, positioning it as the fourth publicly traded company worldwide to join the exclusive '$3 Trillion Club'. Since hitting a low point in April this year, Alphabet's stock price has seen a cumulative gain exceeding 70%, translating into a market value increase of over $1.2 trillion. Presently, the market capitalization rankings of the four major tech giants on the US stock market are unequivocal: NVIDIA leads the pack, followed closely by Microsoft and Apple, with Google securing the fourth spot.

The capital market remains buoyant about Google's future prospects, with institutions repeatedly (the word "repeatedly" is retained here for precision, as it emphasizes the ongoing nature of the institutions' actions) revising its target price upwards. This optimism stems from the accelerated deployment of the Gemini large-scale model, diminished policy and regulatory uncertainties, and consistent growth in the advertising market. Google's quarterly revenue soared to $96.4 billion, marking a 14% year-on-year increase. Notably, its cloud computing business revenue surged to $13.6 billion, representing a substantial 32% year-on-year growth.