Alphabet Inc (GOOG) Class C Stock Nears $4 Trillion Valuation as AI TPUs, Gemini 3 and Big-Money Buyers Dominate the Headlines

Alphabet Inc.’s Class C shares (NASDAQ: GOOG) are closing out November 2025 as one of the most talked‑about stocks on the planet. After a year of AI‑driven gains, record highs and a wave of bullish institutional activity, fresh news on November 30, 2025 adds even more fuel to the story.

Below is a news‑style wrap tailored for Google News and Discover, focusing specifically on Alphabet’s Class C stock and the latest developments as of 30.11.2025.

GOOG Class C Today: Price, Performance and Valuation Snapshot

As of the latest close on Friday, November 28, 2025, Alphabet’s Class C shares (GOOG) finished at $320.12, down a fraction on the day but still hovering just below record territory. ^[1]

Key metrics investors are watching:

Price: $320.12 at the Nov. 28 close; recent intraday range roughly $316.94–$326.88. ^[2]
52‑week range: About $142.66–$328.67, with that upper bound also marking the current all‑time high, reached on November 25, 2025. ^[3]
Market cap: Around $3.86 trillion, putting Alphabet just behind Apple and Nvidia in the global market‑cap race and within striking distance of the $4 trillion club. ^[4]
Valuation: Trailing price‑to‑earnings ratio near 31–32x, with a price‑to‑earnings‑growth (PEG) ratio around 1.8—elevated versus the market but in line with other mega‑cap AI leaders. ^[5]
Dividend: Alphabet now pays a modest dividend of about $0.84 per share annually, implying a yield close to 0.26% as of November 30. ^[6]
Returns: GOOG is up roughly 69% year‑to‑date and nearly 89% over the past 12 months, cementing its status as the top performer among many mega‑cap tech peers in 2025. ^[7]

In other words, Alphabet’s Class C stock is trading near record levels after what analysts at Bespoke Investment Group have dubbed “the Year of Alphabet”, noting roughly 70% gains in 2025 and leadership at the top of the mega‑cap pack. ^[8]

What’s New on November 30, 2025? The Day’s Key GOOG Headlines

Multiple fresh stories on 30.11.2025 are shaping the conversation around Alphabet’s Class C stock:

1. Wall Street Reassesses Alphabet’s AI Chips and TPUs

A widely shared piece from Technobezz highlights how Google’s stock hit record highs as investors finally “understood” its Tensor Processing Units (TPUs)—custom AI chips that could become a serious alternative to Nvidia’s GPUs. ^[9]

Key points from that coverage:

Alphabet’s market value has roughly doubled in seven months to about $3.8 trillion, driven by enthusiasm for its custom AI hardware strategy. ^[10]
Reports indicate Meta is considering shifting parts of its AI infrastructure to Google’s TPUs, including renting capacity from Google Cloud as soon as 2026–2027. ^[11]
Google’s newest TPU generation, Ironwood, is said to deliver more than 4x performance per chip versus the prior generation for both training and inference workloads, making it a serious contender in the AI‑infrastructure arms race. ^[12]

This narrative of TPUs as a credible Nvidia rival is one of the dominant themes supporting GOOG today.

2. “2025: The Year of Alphabet (GOOG)” – Fresh Analysis Hits the Wires

A new analysis titled “2025: The Year Of Alphabet (GOOG)”, published on November 30 on Seeking Alpha, underscores just how exceptional the stock’s run has been. ^[13]

According to that piece and other analyst commentary:

Alphabet is now the best‑performing mega‑cap stock of 2025, with a gain around 70% year‑to‑date. ^[14]
Q3’s blowout earnings and the rollout of Gemini 3, Google’s latest AI model, are cited as the main catalysts behind the rerating.
Many strategists view Alphabet as the core AI infrastructure play for the next cycle, rather than a secondary beneficiary.

3. Sergey Brin’s Billion‑Dollar Alphabet Gift Trends Worldwide

On the governance and insider front, Google co‑founder Sergey Brin is back in the news after disclosures that he donated more than $1.1 billion in Alphabet stock last week, with some outlets framing the total impact closer to $1.7 billion once earlier gifts are included. ^[15]

Highlights:

Regulatory filings show Brin transferred over 3.5 million Alphabet shares, with roughly $1 billion earmarked for his nonprofit Catalyst4, which focuses on central nervous system diseases and climate‑related initiatives. ^[16]
Even after these large gifts, Brin reportedly still owns around 6% of Alphabet, keeping him among the world’s richest individuals and a major long‑term shareholder. ^[17]

For GOOG holders, the donation is typically seen as philanthropic, not bearish: insiders often diversify or give stock to charity after big price runs, while maintaining substantial stakes.

4. Big Money 13F Filings: Institutions Add Aggressively to GOOG

Several new institutional‑ownership stories dated November 30 are circulating today, all based on second‑quarter SEC filings:

Mackenzie Financial Corp boosted its GOOG holdings by 72%, adding 300,763 shares and bringing its total position to 718,316 shares worth roughly $127.4 million at the time of filing. ^[18]
BLI Banque de Luxembourg Investments disclosed a new stake of 43,900 GOOG shares, valued at about $7.8 million. ^[19]
Additional filings show major institutions like Norges Bank, Vanguard and JPMorgan also increasing their exposure to Alphabet earlier in the year, contributing to institutional ownership north of 27% of the float. ^[20]

At the same time, there is evidence of selective profit‑taking in Alphabet’s voting Class A shares (GOOGL):

Dorsey & Whitney Trust Co. LLC trimmed its GOOGL stake by 10%, while still keeping Alphabet as a top‑20 holding. ^[21]
Other managers such as Wittenberg Investment Management also reported reductions in GOOGL holdings, even as funds like Empowered Funds LLC and Truffle Hound Capital increased their stakes. ^[22]

Net‑net, the 13F flow picture published today looks solidly bullish for GOOG, with large new buyers outweighing incremental sellers.

5. Inside Google, AI Now Writes Over 25% of New Code

In a new piece highlighted today by TipRanks, CEO Sundar Pichai said Google has moved from “prep work to full use of AI” internally and that AI now writes more than 25% of the company’s new code, part of a workflow trend he described as “vibe coding.” ^[23]

According to that report:

Staff can build apps from simple text prompts, letting more teams participate in development without deep programming experience.
Pichai framed Gemini 3’s launch in mid‑November as a turning point for the business, noting that Google’s stock is “up nearly 70% in 2025” as AI gets embedded across products and internal processes. ^[24]

For investors, this reinforces the idea that Alphabet isn’t just selling AI—it’s running on AI.

6. GOOG vs. GOOGL: Same Economics, Different Votes (Explained Today)

A fresh comparison piece on Tickeron dated November 30 dives into the difference between GOOG (Class C) and GOOGL (Class A), which remains a common source of confusion for retail investors. ^[25]

Key takeaways:

GOOG (Class C) shares carry no voting rights.
GOOGL (Class A) shares come with one vote per share.
Economically, both share classes represent the same proportional claim on Alphabet’s earnings and cash flows.
In practice, both tickers trade at almost identical prices, with year‑to‑date gains of ~68.6% for GOOG and ~69.7% for GOOGL, and the same ~$3.86T combined market cap. ^[26]

For Google News readers scanning ticker symbols, that means:

If you own GOOG, you’re essentially buying the same economic exposure as GOOGL—but without voting rights.

AI Chips, Gemini 3 and the Road to a $4 Trillion Alphabet

Beyond today’s headlines, the broader 2025 story driving GOOG is Alphabet’s rapid pivot from “search company” to AI‑infrastructure giant.

Gemini 3 Supercharges the AI Narrative

Mid‑November, Google introduced Gemini 3, an advanced large language model that has become the central storyline for the stock:

Gemini 3 offers major improvements in reasoning, multimodal understanding and autonomous task handling, with a context window up to one million tokens. ^[27]
The model is being integrated across Google Search, the Gemini app, Vertex AI, and a new “agentic” environment called Google Antigravity, aimed at dynamic visualizations and real‑time AI interactions. ^[28]
External users—from Salesforce CEO Marc Benioff to independent analysts—have publicly praised Gemini 3, with some saying it beats their prior daily reliance on ChatGPT. ^[29]

Gemini 3’s launch coincided with a breakout in Alphabet’s stock:

On November 19, GOOG/GOOGL surged more than 6%, briefly crossing $300 for the first time ever, with market cap near $2.94 trillion at that point and year‑to‑date gains above 50%. ^[30]
Subsequent sessions pushed the stock to fresh records north of $320 and an enterprise value approaching $3.8–3.9 trillion. ^[31]

TPUs and AI Infrastructure: Alphabet vs. Nvidia

At the same time, Alphabet is leaning heavily into AI hardware:

Reports over the past week indicate Meta Platforms is in talks to spend billions on Google’s TPUs, both installing them in its own data centers and renting capacity from Google Cloud. ^[32]
Partnerships with Anthropic could involve access to up to 1 million TPUs, potentially amounting to revenue equal to as much as 10% of Nvidia’s current annual data‑center business, according to some estimates cited in recent coverage. ^[33]
Google’s Ironwood TPU is marketed as its most powerful and energy‑efficient generation yet, purpose‑built for AI workloads rather than repurposed from graphics. ^[34]

A Reuters piece earlier this week noted that AI‑driven enthusiasm has pushed Alphabet’s stock about 70% higher in 2025, helping the company race toward a $4 trillion valuation—alongside Nvidia and Apple in the ultra‑mega‑cap tier. ^[35]

Fundamentals: Record Q3, Strong Margins and a New Dividend

The AI narrative rests on a solid earnings base.

Q3 2025 Results: Over $100 Billion in a Single Quarter

Alphabet’s third‑quarter 2025 earnings, reported at the end of October, were a major inflection point:

Revenue: Around $102–102.35 billion, beating Wall Street expectations and marking roughly 16% year‑over‑year growth. ^[36]
Earnings per share (EPS): About $2.87, well above consensus estimates near $2.29. ^[37]
Net margin: A hefty 32%+, underscoring how profitable Alphabet remains even while ramping AI capex. ^[38]
Trailing 12‑month results: Roughly $385B in revenue and $124B in net income, according to recent estimates. ^[39]

Growth remains broad‑based: ad revenue from Search and YouTube, plus Google Cloud, all contributed to the top‑line beat and margin expansion. ^[40]

Dividend and Balance Sheet Strength

Alphabet’s balance sheet remains a key part of the bull case:

It holds almost $100 billion in cash and equivalents, with relatively modest debt of roughly $33–34 billion. ^[41]
The company now pays a modest dividend with a 0.26% trailing yield, and the payout ratio is still in the single digits, leaving ample room for reinvestment and potential increases over time. ^[42]

For many big funds adding GOOG this year, the combination of high growth, strong free cash flow and a still‑small but symbolic dividend is a rare package at this scale.

What GOOG Shareholders Actually Own

For readers specifically focused on Alphabet Inc (Google) Class C (GOOG):

GOOG represents Class C shares of Alphabet—non‑voting stock designed in part to preserve founder control (through higher‑vote Class B and regular‑vote Class A shares). ^[43]
Economically, GOOG shares are identical to GOOGL (Class A) in terms of earnings and dividends; the market prices of both tickers remain nearly in lockstep, with tiny differences sometimes opening and closing on short‑term flows. ^[44]
Alphabet’s core businesses—Search, YouTube, Android, Chrome, Google Cloud, and “Other Bets” like Waymo—are all held at the parent company level, so GOOG holders indirectly participate in the full portfolio. ^[45]

In practical terms, most individual investors who prefer liquidity and don’t care about voting rights treat GOOG and GOOGL as interchangeable, sometimes picking the one with slightly better spreads or fractional availability on their broker.

Risks Investors Are Watching: Antitrust, AI Bubble Talk and Valuation

With GOOG rallying nearly 70% in a year, risk discussions are getting louder.

Antitrust and “Monopoly” Concerns

A recent Financial Times commentary described Alphabet as a “near‑$4tn monument to monopoly power,” noting that after a U.S. antitrust judge effectively downplayed Google’s search monopoly concerns in the context of the AI era, the stock added about $1.3 trillion in market value. ^[46]

Key regulatory angles:

While Alphabet has avoided the most severe remedies in U.S. courts so far, antitrust and AI‑governance debates in Europe and the U.S. are far from over.
Policymakers are increasingly focused on cloud concentration, AI gatekeeping, and data advantages, all of which directly involve Google’s core businesses.

AI Bubble and Overbought Warnings

Several commentators have also raised the specter of an AI bubble:

Investopedia and other outlets have noted investor worries that massive AI capex across Big Tech could outstrip long‑term demand, leaving the sector with excess data‑center capacity and debt—even as Alphabet’s own earnings report and Gemini 3 launch have temporarily eased those concerns. ^[47]
Technical indicators from platforms like Tickeron and TradingView show GOOG as one of the market’s most overbought large‑cap names, even though their models still classify both GOOG and GOOGL as “good buys” in the long term. ^[48]

The result is a classic high‑growth dilemma: investors are paying premium multiples for a company whose fundamentals currently justify optimism—but where expectations are now extremely high.

What to Watch Next for Alphabet Class C (GOOG)

Looking ahead from November 30, 2025, GOOG holders and watchers will be focused on a few key catalysts:

Next Earnings Report (Expected February 3, 2026): Estimates currently point to continued double‑digit revenue growth and strong AI‑driven margin support. ^[49]
Gemini 3 Adoption Curves: How quickly Gemini 3 penetrates Search, Workspace, consumer apps and enterprise contracts will determine whether the current AI enthusiasm converts into durable revenue. ^[50]
TPU Deals and Cloud Wins: Investors will look for concrete deals with Meta, Anthropic and other hyperscalers, and for updates on the $15B Visakhapatnam AI and data center project in India, which anchors Alphabet’s massive $85B 2025 capex plan. ^[51]
Regulatory Headlines: Any new moves from U.S. or European regulators on search, ads, cloud or AI could quickly reprice Alphabet’s long‑term margin assumptions. ^[52]
Valuation and Macro: With U.S. equities eyeing a potential “Santa rally” into year‑end, and rate‑cut expectations rising, Alphabet could benefit from a risk‑on backdrop—but also faces heightened sensitivity if macro conditions reverse. ^[53]

Quick FAQ: Alphabet Inc (GOOG) Class C Stock – November 30, 2025

Is Alphabet’s Class C stock (GOOG) at record highs?
GOOG is trading near its all‑time high: the stock hit an intraday peak around $328.67 on November 25, 2025, and closed at $320.12 on November 28, leaving it just a few percent below record levels. ^[54]

Why is GOOG up so much in 2025?
The rally is driven by blockbuster Q3 earnings, the successful launch of Gemini 3, growing recognition of Google’s TPU chip strategy, a new $4.3 billion Berkshire Hathaway stake, and broad institutional buying, all set against strong macro interest in AI leaders. ^[55]

What happened today, November 30, 2025?
Today’s news flow features:

Fresh analysis calling 2025 “the Year of Alphabet (GOOG)”. ^[56]
A widely covered Sergey Brin stock donation of over $1.1 billion in Alphabet shares. ^[57]
Multiple institutional 13F filings showing large new positions in GOOG by Mackenzie Financial, BLI Banque de Luxembourg Investments and others. ^[58]
Articles spotlighting TPUs, Gemini 3 and internal “vibe coding” as reasons Alphabet is leading the AI race. ^[59]