By Pia Singh
Publication Date: 2025-12-02 19:38:00
Alphabet-owned Google just gained a leg up over OpenAI’s ChatGPT, according to recent stock market performance. Shares of Alphabet and its chip partner Broadcom are surging this quarter as its new version of Gemini AI was released, while proxies for the private OpenAI — Nvidia and Microsoft — underperform. Google, once considered an AI laggard, stunned the market last month with th e release of its Gemini 3 AI model , which surpassed and matched several of the capabilities of ChatGPT and GPT-family models in industry benchmark tests. Google also released its latest custom silicon chip, its 7th generation Tensor Processing Unit called Ironwood, in November and reports later emerged that the company is preparing to make its TPUs available for other companies beyond Google Cloud, adding another revenue stream for the search giant. Nvidia and OpenAI share a close relationship — Nvidia’s GPUs power much of OpenAI’s ChatGPT model, and the companies have a strategic partnership to deploy at least 10 gigawatts of AI data centers with a phased investment of up to $100 billion from Nvidia. Microsoft has been a major investor in OpenAI and owns almost a third of the newly structured for-profit entity. Since Google’s Gemini 3 model release on Nov. 18, the stock market has apparently decided Alphabet is now the AI leader. Wells Fargo chief equity strategist Ohsung Kwon pointed this divergence out to clients in a note this week, saying the valuations of the proxy stocks tell the…