Alphabet (GOOG) Class C Stock Jumps Again on Meta Chip Talks, AI Momentum and Buffett Stake

Alphabet Inc.’s Class C shares (ticker GOOG) extended their powerful November rally on Tuesday, 25 November 2025, as investors reacted to fresh AI chip headlines, a major new stake from Warren Buffett’s Berkshire Hathaway, and growing optimism around Google’s Gemini 3 AI platform.

As of early afternoon U.S. trading, GOOG was changing hands around $326, up roughly 2.3% on the day, after closing Monday at $318.47. The stock has traded between about $320 and $333 so far in today’s session, keeping it near record territory and cementing Alphabet as one of 2025’s standout megacap winners. ^[1]

Key Takeaways for Alphabet (GOOG) on 25 November 2025

Price action: GOOG is up around 2–3% intraday after a 6.3% surge on Monday, leaving shares near all‑time highs. ^[2]
Meta chip talks: Reports that Meta Platforms may rent and later buy Google’s AI TPUs in a multi‑billion‑dollar deal have boosted Alphabet and pressured Nvidia. ^[3]
Buffett effect: A new Berkshire Hathaway stake worth over $4 billion is adding to bullish sentiment and reinforcing the “quality compounder” narrative around Alphabet. ^[4]
AI momentum: The launch of Gemini 3 and its rapid integration into Google Search and other products has helped Alphabet outpace its “Magnificent Seven” peers in 2025, with shares up over 80% year‑to‑date by some estimates. ^[5]
Mixed but mostly bullish analyst calls: Wall Street price targets are being revised higher into the $315–$350 range, although some models now flag the stock as “relatively expensive” with potential downside toward $267 if sentiment cools. ^[6]

Alphabet Class C Stock Today: Price, Volume and Market Backdrop

Alphabet’s Class C Capital Stock (GOOG) is listed on the Nasdaq and gives holders an economic claim on Google’s business without voting rights. ^[7]

Last trade: about $325.93
Previous close (Mon 24 Nov):$318.47
Intraday move:+7.46 points (~2.3%)
Intraday range: roughly $320.41–$332.70
Market cap: around $2.94 trillion
Trailing P/E: ~23.7 based on EPS of $10.13

Tuesday’s advance builds on Monday’s tech‑led surge, when the Nasdaq jumped 2.7% and the S&P 500 rose 1.6% as traders bet on a December Fed rate cut and rotated back into large‑cap growth. Alphabet was already a standout, adding more than 8% in value over the past week and 6.3% on Monday, largely on enthusiasm around Gemini 3 and AI spending. ^[8]

Futures trading overnight hinted at some cooling in the broader tech rally, with Dow, S&P 500 and Nasdaq futures all slightly in the red. But in pre‑market and early cash trading, Alphabet remained one of the top gainers, with both its Class A (GOOGL) and Class C (GOOG) shares up more than 3% at one point, even as names like Nvidia and AMD slid. ^[9]

Meta–Google AI Chip Talks: The Biggest Catalyst Driving GOOG

The single most discussed headline for Alphabet today is a series of reports that Meta Platforms is in advanced talks to use Google’s in‑house AI chips (TPUs) at massive scale.

According to Reuters and other outlets:

Meta is considering spending billions of dollars on Google’s Tensor Processing Units (TPUs) for its data centers from 2027 onward.
The talks also involve Meta renting TPUs through Google Cloud as early as 2026, giving Meta an alternative to Nvidia’s highly sought‑after GPUs. ^[10]

The Economic Times notes that Alphabet’s Class A and Class C shares jumped around 3.5% in pre‑market trade on the back of the chip headlines, even as index futures slipped. ^[11]

If finalized, the deal would:

Supercharge Google’s AI hardware business
- Until now, TPUs have largely powered Google’s internal workloads; renting them to third parties at Meta’s scale is a step toward becoming a direct competitor to Nvidia in AI accelerators. ^[12]
Boost Google Cloud’s competitive position
- Cloud customers already access TPUs through Google Cloud; a flagship deal with Meta would showcase TPUs as a credible alternative for hyperscalers frustrated with GPU costs and supply constraints. ^[13]
Reframe the AI chip narrative
- As coverage in multiple outlets points out, Nvidia shares slipped over 3% on the reports, while Alphabet ticked higher, underscoring a shift in market power dynamics inside the AI infrastructure stack. ^[14]

For GOOG holders, the Meta story helps explain why Alphabet is rallying even on a day when broader tech sentiment is more cautious.

Buffett’s New Alphabet Stake Keeps the “Quality Compounder” Story Alive

Today’s trading also comes against the backdrop of a new Berkshire Hathaway position in Alphabet, which has been widely dissected over the past two weeks and continues to influence sentiment.

A recent SEC filing shows that Berkshire built a stake of roughly 17.8–17.9 million Alphabet shares, worth around $4.3–$4.9 billion based on mid‑November prices. ^[15]

Financial media have stressed several points:

The move marks a notably “modern” bet for Warren Buffett’s conglomerate, which has historically been slower to embrace high‑growth tech names. ^[16]
Even if the decision was likely executed by lieutenants Todd Combs or Ted Weschler, it signals that Alphabet now fits squarely in Berkshire’s value‑plus‑moat framework. ^[17]

Today, a separate MarketBeat note highlights routine institutional and insider positioning:

Manchester Capital Management trimmed its GOOG stake by 1.8% in Q2, but the stock still makes up about 1.3% of its portfolio.
Alphabet insiders, including CEO Sundar Pichai, have sold shares in recent months — part of ongoing diversification rather than a sudden exodus — while insiders still control nearly 13% of the company. ^[18]

Overall, institutional data continue to paint Alphabet as one of the most widely held and closely watched megacap positions in global markets.

Gemini 3 and AI Strategy: The Core of Alphabet’s 2025 Rally

While today’s headlines revolve around chips and Berkshire, Alphabet’s 2025 story is fundamentally an AI story.

Gemini 3 rollout and stock reaction

On 18 November, Google officially launched Gemini 3, calling it its “most intelligent AI model” and immediately integrating it into Search, the Gemini app, AI Studio and Vertex AI for developers and enterprise customers. ^[19]

Coverage of the launch and its aftermath highlights:

Gemini 3 is designed to deliver stronger reasoning and multimodal capabilities and to power features like a new “thinking” mode in AI‑enhanced search. ^[20]
Last week, as investors digested the rollout, Alphabet’s shares outperformed broader markets, with some reports citing an ~3% bump on 19 November tied directly to Gemini news. ^[21]

A detailed AI‑focused analysis from AInvest frames Q4 2025 as a tug‑of‑war between short‑term volatility and long‑term AI monetization:

Alphabet’s vertical integration — for example, running Gemini 3 on in‑house TPUs — helps control costs and makes it less dependent on external chip vendors.
Its advertising dominance (over 90% global search share) gives it a natural funnel for AI‑enhanced products, supporting revenue even as AI disrupts traditional search formats. ^[22]

Despite occasional pullbacks as investors worry about an “AI bubble,” commentary from outlets like The Wall Street Journal has emphasized that Alphabet’s earnings power and cash generation have allowed the stock to defy broader AI jitters and march toward ever-higher valuations. ^[23]

Global AI Expansion: Google–Accel Fund Targets Indian Startups

Another fresh development on 25 November is Alphabet’s expanded AI footprint in India.

An IndexBox summary of a Reuters report notes that Google and venture capital firm Accel are partnering to fund at least 10 early‑stage Indian AI startups under the AI Futures Fund. ^[24]

Key details include:

Co‑investment of up to $2 million per startup, focused on areas like entertainment, creativity, productivity and coding.
The initiative follows Google’s $15 billion commitment over five years to build an AI data center in Andhra Pradesh — the company’s largest‑ever investment in India.
Google has already funded more than 30 AI companies through the fund and is teaming with telecom giant Reliance Jio to bring Gemini AI access to hundreds of millions of users. ^[25]

For GOOG holders, these moves underscore Alphabet’s strategy of using its balance sheet and AI stack to lock in long‑term growth in high‑population markets, rather than relying solely on U.S. or European demand.

What Wall Street Is Saying About GOOG Today

Price targets march higher

A MarketBeat roundup published today shows a wave of upward price‑target revisions for Alphabet, largely focused on the Class A shares (GOOGL), which trade almost in lockstep with GOOG:

MoffettNathanson lifted its target from $305 to $315 and kept a “buy” rating.
Loop Capital and Wedbush have targets in the $320 range, while Susquehanna is at $350 with a “positive” outlook.
The data set leaves Alphabet with a “Moderate Buy” consensus rating and a consensus target around $307–308. ^[26]

A separate GOOG‑specific MarketBeat note cites an average target of roughly $325 and describes analyst opinion as overwhelmingly positive, with the vast majority of firms assigning some version of a Buy or Strong Buy rating. ^[27]

Bulls vs. valuation skeptics

Not everyone is comfortable with today’s price levels:

A Trefis model published this morning argues that, at current prices, GOOG looks “relatively expensive”, with their fair‑value estimate closer to $267 — implying notable downside if multiples compress. The team notes that GOOG trades at a price‑to‑sales ratio of about 9.2 and a P/E near 28–29, both well above S&P 500 averages, even though Alphabet’s revenue growth and margins are also meaningfully stronger. ^[28]
In contrast, a Seeking Alpha piece titled “Alphabet: Next Best Bet Outside of Nvidia?” leans into the bullish scenario, arguing that Google’s TPUs and Gemini 3 give it a powerful AI infrastructure and cloud advantage heading into 2026. The author sees the recent re‑rating as only the “beginning of the financial leverage TPUs can bring.” ^[29]

Together, these views frame today’s move as a classic growth‑at‑a‑reasonable‑(or maybe not‑so‑reasonable)‑price debate: fundamentals are exceptionally strong, but expectations are now high.

Technical View: Breakout Toward Fresh Highs

Short‑term traders are also paying close attention to GOOG’s chart.

A technical note cited by Mint describes Alphabet’s recent move as a “clean bullish flag breakout” around the $295 area, supported by strong follow‑through and rising volumes. The analyst there sees a pattern target around $345 per share, assuming momentum persists and up‑moves continue to attract heavy participation. ^[30]

That target aligns with some of the more aggressive Wall Street price objectives and helps explain why GOOG continues to draw both momentum traders and long‑term investors even after its huge year‑to‑date run.

A Quick Reminder: What Makes GOOG (Class C) Different?

For readers specifically following Alphabet Class C stock (GOOG) rather than Class A (GOOGL), the key difference is voting rights:

GOOG (Class C): no voting rights, but full economic exposure to Alphabet’s profits and dividends.
GOOGL (Class A): one vote per share.
Class B (not publicly traded): 10 votes per share, largely held by founders and insiders, preserving long‑term control. ^[31]

Because the two publicly listed classes track the same business, their prices typically trade within a very tight band, and both are moving in near‑lockstep during this AI‑driven rally.

MarketBeat’s latest snapshot also notes that Alphabet has initiated a quarterly dividend of $0.21 per share, implying a modest yield of around 0.3%, with Class C shareholders receiving the same cash payout as Class A holders. ^[32]

Key Risks to Watch

Even on a bullish day like today, several risks hang over the GOOG story:

Valuation and an AI “bubble”
- Analysts and reporters alike have warned that megacap AI leaders could be in bubble territory. Alphabet’s CEO Sundar Pichai himself has cautioned against irrational expectations in AI markets, while acknowledging the technology’s transformative potential. ^[33]
Regulation and antitrust
- Ongoing scrutiny of Alphabet’s dominance in search, advertising and app distribution — alongside new concerns about AI safety and bias — could result in stricter rules, fines or structural remedies over time.
Macroeconomic and rate risk
- Much of the recent rally rests on expectations of Fed rate cuts and benign economic data. A surprise uptick in inflation, weaker consumer spending, or a change in the Fed’s tone could weigh on all high‑growth tech names, Alphabet included. ^[34]

Bottom Line for Today’s GOOG Shareholders

On 25 November 2025, Alphabet’s Class C stock is once again front and center on Wall Street:

The Meta–Google AI chip talks give credibility to Alphabet’s in‑house TPU strategy and open a large new revenue and influence channel in AI hardware. ^[35]
The Berkshire Hathaway stake and ongoing institutional interest reinforce the perception of Alphabet as a durable, cash‑rich compounder rather than a speculative AI flyer. ^[36]
Gemini 3’s rapid rollout across Search and the broader Google ecosystem is reshaping how investors think about Alphabet’s long‑term earnings power in AI. ^[37]

At the same time, valuation models like Trefis’ remind investors that even great businesses can be priced for perfection, leaving little margin for error if macro conditions or AI sentiment worsen. ^[38]

For now, markets seem willing to pay up. GOOG is trading near its highs, riding a mix of hard numbers (strong earnings, cash flow, and new AI deals) and soft factors (Buffett’s seal of approval and “Magnificent Seven” momentum). Whether today marks another step toward a higher plateau or the crest of an overheated wave will depend on how quickly Alphabet can convert its AI and chip ambitions into sustained, profitable growth.

Disclaimer: This article is for informational and news purposes only and does not constitute investment advice, a recommendation to buy or sell any security, or an offer to provide investment advisory services. Always do your own research and consider consulting a licensed financial professional before making investment decisions.

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