NEW YORK, December 30, 2025, 16:33 ET — After-hours
- Alphabet’s Class C shares were up 0.1% at $314.55 in after-hours trading, after moving in a tight range during the session.
- Google flagged December AI rollouts including Gemini 3 Flash, while its Search team marked the end of a major “core update” to rankings. 1
- Investors are tracking rate signals and the next earnings window as Big Tech spending and valuations stay in focus. 2
Alphabet Inc’s Class C shares (GOOG), which carry no voting rights, were up 0.1% at $314.55 in after-hours trading on Tuesday, after the regular U.S. session ended at 4 p.m. ET.
The stock’s muted move comes as investors parse how quickly Google can translate fresh AI product rollouts into revenue growth, without letting data-center costs run away. Google laid out a late-December roundup of those AI updates on its company blog, and its Search team said a broad ranking change has finished rolling out. 1
Year-end positioning has also kept trading choppy across megacap tech. “It’s just a healthy rebalancing of allocations,” said Mark Hackett, chief market strategist at Nationwide. 2
U.S. stocks ended little changed in holiday-thin trading on Tuesday, with communication services rising as Meta gained on an AI deal, while technology shares were subdued, Reuters reported. 2
Alphabet traded between $313.05 and $317.53 in the session and opened at $313.56, market data showed.
In its December AI roundup posted on Monday, Google said it released Gemini 3 Flash and is rolling it out as the default model in the Gemini app and “AI Mode” in Search. The company also pointed to new video verification tools in the Gemini app and new translation capabilities in Google Translate. 1
Separately, Google’s Search Status Dashboard said the “December 2025 core update” — a broad change to how Search ranks pages — completed its rollout on Dec. 29. 3
For Alphabet, those Search and AI shifts matter because Search advertising remains the company’s profit engine, and management has pitched new AI features as a way to keep users engaged even as rivals push chatbots and AI-powered browsers. 4
The trade-off is cost. Alphabet has repeatedly told investors that meeting AI demand requires heavy capital spending — money for data centers, chips and servers — and it lifted its 2025 capex outlook to $91 billion-$93 billion after its last quarterly report. 4
Cloud remains the other near-term scoreboard. Alphabet said in October that Google Cloud revenue rose 34% year-on-year in the third quarter, as the company leaned on AI infrastructure and data tools to narrow the gap with Microsoft and Amazon in enterprise computing. 4
Macro policy is the next obvious swing factor for Big Tech multiples. The Fed’s latest minutes showed officials debated the risks facing the economy at the December meeting, and the central bank next meets Jan. 27-28, Reuters reported. 2
Alphabet’s next earnings date is not yet confirmed by the company, but Nasdaq’s earnings calendar lists Feb. 3, 2026, as the estimated report date for GOOG — a key checkpoint for commentary on AI-related spending and Search monetization. 5
On the tape, traders have also kept an eye on where GOOG sits within its 52-week band, which Nasdaq lists as $142.66 to $328.67. A push back toward that high would put more weight on February guidance, while a slip below recent support levels would refocus attention on capex discipline. 6
