Alphabet surpassed Apple to become the world’s second-most valuable company on January 8, 2026, due to AI progress.

Alphabet Inc has surpassed Apple Inc to become the world’s second-most valuable company by market capitalization, reaching $3.94 trillion on January 8, 2026, compared to Apple’s $3.81 trillion. The shift is driven by Alphabet’s AI advancements, including its Gemini 3 model and custom TPUs, while Apple’s shares dipped 1.1%. Nvidia remains the most valuable company. The broader market saw the Dow rise on defense gains, while the Nasdaq declined.