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Alphabet and Nvidia (NVDA): Why GOOGL's stock price surged 11% this month

In November, Alphabet's stock performed better than Nvidia, rising by 11%, while Nvidia's stock fell by 11%. This was mainly due to the release of its Gemini 3 AI model and strong growth in cloud computing business. Google's TPU (Tensor Processing Unit) pricing is about 50% lower than Nvidia's GPU, attracting the attention of companies like Meta and xAI, and is expected to drive a shift of billions of dollars in computing spending. CEO Sundar Pichai emphasized that artificial intelligence is a key revenue driver, with cloud computing order backlog soaring by 46% to $155 billion. Despite Nvidia's dominance and Bernstein's optimistic target price of $272, Alphabet's recent strong momentum and Berkshire Hathaway's $4.3 billion investment highlight institutional investors' growing confidence in the company.

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