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With the recent pullback in artificial intelligence (AI) stocks, it is starting to look as though some of the hype around the technology may be fading. That environment can be difficult for smaller AI start-ups that rely heavily on investor funding, but it can be beneficial for larger companies with established platforms and multiple revenue streams.
Alphabet, the parent company of Google, has been one of the most successful companies in developing its own AI technology. Its Gemini model has steadily gained share in the enterprise large language model (LLM) market since 2023.
In 2023, OpenAI had a 50% share of the enterprise LLM market. By today, its share is estimated at 27%. Over the same period, Google’s share rose from 7% to 21%, and the article says Google is set to overtake ChatGPT this year if the prior trend continues.
Other peers have also faced pressure. Meta Platforms’ share of the enterprise LLM market fell from 16% in 2023 to 8% by the end of 2025. The current market leader, Anthropic, is estimated to hold 40% market share and is expected to expand its use of Alphabet’s hardware.
The article also notes that Apple partnered with Alphabet earlier this year to use Google Gemini’s model in developing its own AI products.
Alphabet’s Tensor Processing Unit (TPU), co-developed with Broadcom, is presented as a serious competitor to Nvidia’s GPU offerings. The article highlights that many other Magnificent Seven companies rely on Nvidia hardware to run AI workloads, including Amazon and Microsoft.
Alphabet, by contrast, is shifting toward using its own TPU technology, and other AI companies are also beginning to use the TPU. Anthropic is planning to spend tens of billions of dollars this year to add 1 gigawatt of TPU chips to increase its computational capacity.
The article argues that Alphabet’s financial strength helps it stand out among the Magnificent Seven as AI sentiment cools. For 2025, Alphabet’s revenue rose 15% from 2024 to exceed $400 billion for the first time. Diluted earnings per share (EPS) increased 34% over the same period.
Alphabet also reported a net profit margin of 32.8% and a debt-to-equity ratio of 0.14.
Overall, the article frames Alphabet as a company that competes across both AI software and AI hardware, while also maintaining diversified revenue sources beyond AI. It concludes that, unlike AI start-ups that may be more vulnerable to funding swings, Alphabet’s established financial position means a decline in its stock price is less likely to damage the business.
Premium gym chains are entering a “golden era” that is ending or already in decline, as rising operating costs collide with shifting consumer preferences toward more flexible, community-based ways to exercise. Long-term memberships are shrinking, margins are pressured by higher rents and facility expenses, and competition from smaller, more personalized…