Alphabet (GOOGL) recently surpassed a $4T market capitalization, fueling its stock to a new ATH of $337. As of January 2026, Alphabet has a market cap of $3.994T. While GOOGL’s price has since corrected to $329, the bulls behind the stock entered 2026 on a strong note. As a result, Alphabet stock has gotten several bullish calls for the rest of this year. One of the latest suggests that by the start of next year, the Google parent could breach the $5T market cap mark.
Currently, Nvidia (NVDA) is the only company to reach that club, and it has since fallen back to the $4T market cap range. Nvidia was pushed by the AI wave that took over in 2025, sending NVDA and other chip stocks higher. Alphabet (GOOGL) also spent heavily on investments in the AI sector, which propelled its stock to one of the best performances of last year. 2026 could see the company’s stock and market cap valued even higher, perhaps even surpassing Nvidia.
Analyst’s Bullish Take on Alphabet (GOOGL) Stock and Market Cap
Recently, Daniel Foelber of The Motley Fool suggested that the $5T market cap is doable by the end of this year. He predicted GOOGL pushing past $4T at the beginning of last year, and believes he could be correct two years in a row. “Since its valuation is reasonable, it would make sense for Alphabet’s stock price to increase by its earnings growth rate. If Alphabet grows earnings by 10% to 15% annually over the next two years — and the stock price mirrors that growth rate — that could push its market cap above $5 trillion.”
Foelber credits Google Gemini’s success as the main driver for Alphabet’s stock and market cap rally. “Gemini is the core reason why Alphabet has added $1.5 trillion to its market cap in less than five months and why it could advance further,” the analyst writes. He added that the launch of Gemini 3 this past Fall could prove even more fruitful, boosting the Google parent’s revenue so long as the AI sector continues its strong growth.
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Furthermore, the Motley analyst backs Alphabet’s custom-made Tensor Processing Units as a strong alternative to Nvidia’s and AMD’s. “Because TPUs are application-specific integrated circuits, they are designed to handle precisely the types of AI workloads they will see,” Foelber added. “By sacrificing some flexibility, they deliver cost advantages compared to GPUs in data center applications like AI training and inference.” Hence, cutting the costs with internally made TPUs could further bolster Alphabet’s gains, sending GOOGL’s stock and market cap higher.
GOOGL Price Prediction for 2026
Analyst price targets for 2026 range from a low of $185 to a high of $400 per share. Reaching the upper end of these targets would push the market cap well beyond $4.5 trillion. Should the market cap hit $5T, GOOGL could surpass Tesla (TSLA) and even reach $500 per share.
