Alphabet has lost about $860 billion in market value since its peak, nearly the value of Walmart ($937.1 billion), while Apple is roughly at its all-time high. Since ChatGPT launched, Apple is up 133.5% and Alphabet 232.5%, but year to date Apple is up 25.26% and Alphabet just 6.47%. The gap largely reflects capital spending: in the June quarter Alphabet spent $44.92 billion on data centers, chips and equipment versus Apple's $2.455 billion, and Alphabet guides to as much as $185 billion for the full year. Alphabet trades at 15 times trailing earnings versus Apple's 44 and is growing faster, but it has suspended buybacks and its long-term debt rose from $46.5 billion to $98.2 billion. The article concludes Apple is the better fit for a retirement-focused portfolio today due to steadier cash returns, though it could fall behind if AI pays off.
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GOOGLAAPLartificial intelligencetech stocks
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Related tickers and likely impact
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.3T |
| Close on 10/20/2026 | 340.28 |
| Change that session | -1.13% |
AAPL
▲ Likely positiveApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.0T |
| Close on 10/20/2026 | 339.50 |
| Change that session | -1.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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