Can Alphabet Surpass NVIDIA in the MAG-7? Key ETFs to Monitor

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Alphabet Inc. (GOOGL) shares rose 67% in 2025, outperforming NVIDIA Corp (NVDA), which gained 32%. Alphabet’s stock increased 18.3% in the last month, while NVIDIA’s decreased by 4.7%. This surge follows Berkshire Hathaway’s new position in Alphabet, making it the 10th largest equity holding as of the end of September 2025.

In Q3 2025, Alphabet’s financials showed strong growth, prompting interest from investors, including a reported financial relationship with Meta Platforms, Inc. (META). Meta is in talks to use Google’s AI chips starting in 2027, potentially challenging NVIDIA’s market dominance. Alphabet’s shares rose 2.4% amid these developments.

As of October 30, 2025, Alphabet’s forward price-to-earnings (P/E) ratio stands at 26.68, which is lower than the tech sector average of 30.75, making it an attractive investment option. Additionally, Alphabet has secured a deal to supply 1 million Tensor Processing Units (TPUs) to Anthropic PBC, further solidifying its position in the AI and chip market.

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