Google Stock Hits Record High As Gemini Takes Top Spot In Apple Store

Shares of Google parent Alphabet (GOOGL) surged to a record high on Monday. Google stock jumped on news that Gemini last week became the No. 1 free app in the U.S. Apple Store, overtaking OpenAI's ChatGPT and Perplexity.

Keybanc Capital analyst Justin Patterson in a report said Gemini's new popularity seems tied to the launch of the Nano Banana image editing model.

"If Gemini can remain at the top of the App Store charts, we believe more investors will start to view Gemini as a strong core offering with incremental use cases that complement (as opposed to cannibalize) the core search experience," Patterson said.

On the stock market today, Google stock climbed more than 4% to 251.33 in morning trading, giving Google stock a valuation of more than $3 trillion. Google stock has gained about 33% in 2025 after underperforming in the first half of the year.

Google Stock Technical Ratings

Meanwhile, Google stock holds an IBD Composite Rating of 98, according to IBD Stock Checkup.

IBD's Composite Rating combines five separate proprietary ratings into one easy-to-use rating. The best growth stocks have a Composite Rating of 90 or better.

Google stock has an Accumulation/Distribution Rating of A-. That rating analyzes price and volume changes in a stock over the past 13 weeks of trading. Its current rating indicates more funds are buying than selling.

Follow Reinhardt Krause on Twitter @reinhardtk_tech for updates on artificial intelligence, cybersecurity and cloud computing.

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