Meet the Supercharged Growth Stock Potentially Headed to $4 Trillion Over the Coming 12 to 18 Months, According to 1 Wall Street Analyst (Hint: Not Nvidia)

Core Viewpoint - Alphabet is positioned to potentially join the $4 trillion market cap club within the next 12 to 18 months, driven by strong performance in its Google Cloud segment and the anticipated launch of its Gemini 3.0 AI model [1][4][11]. Company Performance - Alphabet's current market cap is slightly over $3 trillion, with its stock rising more than 30% year to date in 2025 [3]. - Scotiabank analyst Nat Schindler has raised the 12-month price target for Alphabet to $310, indicating a potential valuation of around $3.75 trillion, requiring less than a 7% gain to reach $4 trillion [4]. Revenue Growth - Google Cloud is the fastest-growing major cloud services provider, with revenue increasing by 32% year over year to $13.6 billion in Q2 2025, largely driven by generative AI [7]. - The success of YouTube's "Shorts" has contributed to the renewed strength in Google's advertising revenue, which remains Alphabet's largest revenue source [5]. AI Development - The upcoming launch of Gemini 3.0 is expected to enhance Google Cloud's appeal to AI developers, with Gemini 2.5 Pro already outperforming 26 competitors in various AI capabilities [8]. - Gemini 3.0 is anticipated to improve multi-step reasoning capabilities, further solidifying Google Cloud's position in the market [8]. Market Outlook - While some analysts have a more cautious outlook on Alphabet's growth, Schindler's bullish perspective suggests that the company could realistically achieve a $4 trillion market cap within the specified timeframe [6]. - Long-term trends favoring Alphabet's growth are considered compelling, despite potential economic challenges that could impact advertising spending and AI infrastructure investments [10][11].