Google, the sleeping giant in global AI race, now ‘fully awake’

The Dow industrials experienced a significant rise, adding over 600 points, marking its largest gain since August, amid a backdrop of fluctuating market sentiments influenced by major tech earnings, particularly from Nvidia and Google.

Nvidia has expressed concern over Google's recent resurgence in the AI sector, prompting the company to post a defensive message on social media platform X. This reaction suggests a level of anxiety within Nvidia regarding its competitive position in the rapidly evolving AI landscape.

Nvidia shares have fallen significantly amid concerns that Google is gaining a competitive edge in the artificial intelligence sector, leading to a $115 billion sell-off for the chipmaker. This decline reflects investor anxiety about the sustainability of Nvidia's market position in the face of rising competition.

On November 25, 2025, Bloomberg Businessweek Daily featured a discussion on the potential nomination of Kevin Hassett as the next Federal Reserve Chairman, alongside insights into US cybersecurity challenges linked to AI and the philanthropic priorities of affluent women. The episode highlighted the growing influence of AI technologies, particularly in the context of companies like Google and Nvidia.

Sergey Brin has surpassed Larry Ellison on the global rich list, with both Google co-founders now ranking as the second and third richest individuals, respectively, following a surge in Alphabet's stock value. This rise reflects a broader trend of increasing wealth among tech billionaires as the market responds positively to advancements in artificial intelligence and other sectors.

Google continues to solidify its position as a dominant player in the market, with its valuation nearing $4 trillion. As competition from ChatGPT diminishes, user engagement with Google's services has increased, indicating that monetization strategies remain effective.

Markets have seen a significant downturn, wiping $250 billion off Nvidia's market value as investors react to Google's latest AI advancements, particularly the launch of Gemini 3, which is being hailed as the current state of the art in artificial intelligence.

Salesforce CEO Marc Benioff has made headlines by declaring that Google's new AI model, Gemini 3, has surpassed ChatGPT, a tool he previously relied on. This statement, made on November 23, highlights a significant shift in the competitive landscape of artificial intelligence technology.