Alphabet, the parent company of Google, is trading just under record levels this Thursday, November 20, 2025, as Wall Street digests a powerful mix of AI momentum, a fresh Warren Buffett endorsement and new investments in AI hardware in Taiwan — all while keeping one eye on looming antitrust decisions.
Google stock price today: near record highs, mega‑cap territory
In Thursday trading, Alphabet’s two main share classes are hovering around their recent peaks:
- GOOG (Class C): about $293 per share.
- GOOGL (Class A): about $293 per share as well, after opening at $292.81. [1]
Both classes are sitting just below Wednesday’s record closing high around $292.8, which came after Alphabet briefly traded above $303 intraday earlier in the week. [2]
At these levels, Alphabet’s market value is roughly $3.5 trillion, placing it firmly among the world’s largest companies. Multiple data providers peg the company’s market cap in the $3.4–3.5 trillion range as of today. [3]
From a valuation standpoint, recent filings and data providers show Alphabet trading around:
- P/E ratio: ~28–29
- PEG ratio: ~1.8
- 52‑week range (GOOGL): roughly $140–304 per share. [4]
Year to date, Alphabet stock is up roughly 55%, making it the best performer among the so‑called “Magnificent Seven” mega‑cap tech names, comfortably ahead of Nvidia, Microsoft and others. [5]
Buffett’s Alphabet bet: rally fuel and valuation worries
The other big driver in today’s narrative is Warren Buffett’s newly disclosed stake in Alphabet.
Earlier this week, regulatory filings revealed that Berkshire Hathaway bought roughly $5 billion worth of Alphabet shares in the third quarter, amounting to about 17–18 million shares. [6]
That “Buffett blessing” has become a central talking point in financial media:
- Bloomberg and others note that Alphabet shares are now up about 55% in 2025, after a “trillion‑dollar rally,” and that Buffett’s move has helped cement investor confidence in Google’s AI and cloud strategy. [7]
- At the same time, those same pieces highlight a “valuation paradox”: six months ago investors feared Google might fall behind in AI; now the worry is whether the stock has run too far after its massive re‑rating. [8]
In other words, Buffett’s entry has shifted the debate from “Is Google an AI laggard?” to “How much future AI success is already priced in?”
Gemini 3: AI launch that’s powering Google stock
This week’s price action still traces back to Tuesday’s launch of Gemini 3, Google’s latest flagship AI model.
- Gemini 3 is now integrated directly into Google Search, with an “AI Mode” that can generate full answers to complex queries, not just links. [9]
- Google is rolling it out across the Gemini app, AI Studio and Vertex AI, and has previewed agentic features (“Gemini Agent”) that can handle multi‑step tasks such as organizing email or booking travel. [10]
- The company also touts improved coding, reasoning and multimodal capabilities, and has emphasized new security features against prompt‑injection attacks. [11]
Market coverage this week has linked the stock’s outperformance directly to Gemini 3:
- An Investopedia analysis notes that Alphabet stock’s sharp move higher on Wednesday followed the Gemini 3 launch and the Buffett stake announcement, making Alphabet the top‑performing Mag 7 name in 2025. [12]
- Other outlets highlight that the Gemini app has hundreds of millions of monthly users, reinforcing the idea that Google’s AI efforts are finally turning into visible user traction and revenue potential. [13]
- A fresh piece from Kalkine Media today emphasizes that the Gemini 3 reveal has “boosted stock momentum” as investors increasingly view Alphabet as a core AI winner rather than a latecomer. [14]
This AI enthusiasm is not happening in isolation. Nvidia’s blowout guidance and AI‑driven chip demand have lifted the entire AI complex over the last 24 hours, with Barchart reporting that major indexes are gaining on the strength of Alphabet and chip stocks. [15]
New Taiwan AI hardware hub: Alphabet doubles down on infrastructure
Another key headline today: Google formally opened a new AI infrastructure hardware engineering centre in Taiwan, its largest such facility outside the U.S. [16]
According to Reuters and syndicated reports:
- The centre, located in Taipei, will focus on integrating AI chips — including Google’s own TPU processors — onto motherboards and servers that power the company’s data centres and AI workloads. [17]
- Taiwan’s president Lai Ching‑te framed the project as evidence that Taiwan is a “key hub for secure and trustworthy AI” and a crucial link in the global tech supply chain, already home to TSMC and other semiconductor heavyweights. [18]
- U.S. officials in Taipei described the move as the start of a “new golden age” in U.S.–Taiwan tech cooperation. [19]
For investors, this underscores two things:
- Alphabet is still spending aggressively on AI‑oriented infrastructure, well beyond software models like Gemini.
- The company is deepening its supply‑chain and geopolitical ties in strategic chip regions, which could be a long‑term advantage but also adds exposure to Taiwan–China tensions.
Antitrust watch: ad‑tech trial nears a crucial moment
While near‑record prices and AI headlines dominate, regulation remains the main overhang on Google stock.
In a major U.S. ad‑tech case:
- A federal judge has already ruled that Google holds two illegal monopolies in parts of the digital advertising market. [20]
- The Department of Justice and several states are pressing for a forced divestiture of Google’s AdX ad exchange, arguing that the company should be required to sell core pieces of its ad‑tech stack to restore competition. [21]
- Closing arguments, originally expected earlier, have been pushed to November 21, meaning investors are now only a day away from the final courtroom showdown before remedial decisions. [22]
This case comes on the heels of another high‑profile decision where a judge declined to order a breakup of Chrome or Android, easing some of the most extreme breakup fears and helping power Alphabet’s earlier rally. [23]
Taken together, the legal landscape is improving compared with 2023–24, but the potential for structural remedies in ad‑tech is still a meaningful risk factor that traders are watching closely.
Wall Street sentiment: upgrades, price targets and a wall of AI optimism
Today’s news flow also includes fresh analyst and institutional commentary on Alphabet:
- Loop Capital upgrade: A widely circulated note shows Loop Capital moving Alphabet from Hold to Buy and highlighting that the prior “wall of worry” around Google’s AI position has been “obliterated under waves of AI enthusiasm.” [24]
- Average price targets:
That backdrop helps explain why Alphabet continues to lead mega‑cap tech indices despite concerns about AI bubbles and capex overshoot.
Institutional flows: hedge funds, advisors and politicians trade Alphabet
A flurry of 13F and political‑trading disclosures hitting the tape today give a granular view of who’s moving money in and out of the stock:
- Artisan Partners trimmed its Alphabet stake by about 2.3%, selling just over 20,000 GOOG shares while still holding more than 860,000 shares (over $150 million). [27]
- On the other side, Harvest Portfolios Group, Vestmark Advisory Solutions, Marco Investment Management and other institutional investors reported significant increases in GOOGL positions, some boosting holdings by 30–50% in the latest quarter. [28]
- MarketBeat also notes continuing activity from U.S. lawmakers, with some members of Congress increasing Alphabet exposure in recent weeks and others trimming stakes. [29]
Despite these cross‑currents, overall data still show heavy institutional ownership in Alphabet, with funds and advisors holding a large share of outstanding stock across both GOOG and GOOGL classes. [30]
Key numbers for Alphabet (GOOGL, GOOG) on 20 November 2025
Rounded and consolidated from major data providers and recent filings: [31]
- Price (approx.)
- GOOG: ~$293
- GOOGL: ~$293
- Market cap: about $3.5T
- 2025 performance: ~+55% year‑to‑date
- 52‑week range (GOOGL): ~$140 – $304
- Valuation:
- P/E: ~28–29
- PEG: ~1.8
- Balance sheet:
- Debt‑to‑equity: ~0.07
- Current ratio: ~1.9
- Recent quarter (reported late October):
- Revenue: ~$102.3B, ahead of analyst estimates
- EPS: $2.87 vs roughly $2.29 expected
- Quarterly dividend: $0.21 per share (about 0.3% annual yield)
What to watch next for Google stock
For traders and long‑term investors following Google stock today, the main near‑term signposts are:
- Ad‑tech remedy decision
- Closing arguments in the U.S. ad‑tech case are slated for November 21, with possible months before a final remedy, but any hints about forced divestitures or behavioural remedies could move the stock. [32]
- Further Gemini 3 rollout and user metrics
- Watch for updates on Gemini 3 adoption in Search, Workspace and Cloud, including how quickly enterprises start using new “agent” features and how that feeds into Google Cloud growth. [33]
- AI‑driven capex and margins
- Alphabet has repeatedly raised its investment outlook to support AI infrastructure. Investors will be watching whether margins stay resilient as spending on data centres, TPUs and the new Taiwan hardware hub ramps up. [34]
- Macro AI sentiment
- Nvidia’s latest earnings have calmed (for now) worries about an AI bubble. If AI hardware demand remains strong, it could continue to support sentiment around Alphabet and other AI platform names. [35]
Bottom line
On November 20, 2025, Google stock is trading near record highs, powered by three big forces:
- A highly visible Warren Buffett stake that has reframed market perception.
- The Gemini 3 AI launch, which strengthens the narrative that Google is an AI leader, not a laggard.
- A steady drumbeat of infrastructure and geopolitical moves, such as the new Taiwan AI hardware centre, that underline Alphabet’s long‑term AI ambitions.
At the same time, rich valuations and unresolved antitrust risks mean today’s rally comes with real downside scenarios if growth or regulation disappoint.
As always, this article is informational only and not investment advice. Anyone considering buying or selling GOOGL or GOOG should do their own research or consult a qualified financial adviser.
References
1. www.marketbeat.com, 2. www.barrons.com, 3. stockanalysis.com, 4. www.marketbeat.com, 5. www.investopedia.com, 6. www.barrons.com, 7. www.businesstimes.com.sg, 8. www.bloomberg.com, 9. www.reuters.com, 10. www.reuters.com, 11. www.reuters.com, 12. www.investopedia.com, 13. www.investopedia.com, 14. kalkinemedia.com, 15. m.netdania.com, 16. www.reuters.com, 17. www.reuters.com, 18. www.reuters.com, 19. www.reuters.com, 20. www.reuters.com, 21. www.reuters.com, 22. www.reuters.com, 23. m.economictimes.com, 24. www.nasdaq.com, 25. www.nasdaq.com, 26. www.marketbeat.com, 27. www.marketbeat.com, 28. www.marketbeat.com, 29. www.marketbeat.com, 30. www.marketbeat.com, 31. stockanalysis.com, 32. www.reuters.com, 33. www.reuters.com, 34. www.investopedia.com, 35. www.reuters.com
