SACRAMENTO, Calif. — October 3, 2025 — California is celebrating another milestone in its technology dominance as Alphabet Inc., parent company of Google and a leader in technology, life sciences, and innovation, became just the fourth company in history to surpass a $3 trillion market valuation.
Alphabet now joins Apple and Nvidia — also headquartered in California — in the ultra-exclusive $3 trillion club, alongside Washington-based Microsoft. With three of the four most valuable companies in history rooted in California, the Golden State continues to prove itself as the global epicenter of high-tech innovation.
“This achievement is further proof that California is the place where groundbreaking ideas scale into world-changing enterprises,” said Governor Gavin Newsom. “Our unmatched ecosystem of talent, research, and innovation continues to power opportunity and drive the future of the global economy.”
California’s Technology Leadership
California’s high-tech sector contributed $555 billion to the U.S. economy in 2024, more than any other state.
The state supports nearly 1.5 million tech workers across 61,500 tech businesses.
Academic institutions including UC Berkeley, UCLA, Stanford, UC San Diego, CalTech, and UCSB awarded 25,600 tech-related degrees in 2024, preparing the next generation of innovators.
California is home to 33 of the world’s top 50 privately held AI companies, and leads the globe with a quarter of all AI patents, conference papers, and companies.
Preparing the Workforce of the Future
California is partnering with technology giants including Google, Adobe, IBM, Microsoft, and NVIDIA to ensure students and workers are ready for the AI-driven economy. Over two million students in California’s high schools, community colleges, and universities will gain access to skills training in generative AI and emerging technologies, preparing an AI-ready workforce at an unprecedented scale.
Leading on Responsible AI
Earlier this year, California advanced its leadership in the responsible development of artificial intelligence with a landmark report authored by world-leading AI experts, offering a science-based framework for safe, ethical, and inclusive AI use.
California’s Economic Strength
- World’s 4th largest economy, outpacing most nations.
- Nation’s #1 state for new business starts, access to venture capital, and technology-driven growth.
- A leader in manufacturing, agriculture, and tourism, fueling both national and global markets.
“With Apple, Nvidia, and now Alphabet all reaching historic valuations here in California, it’s clear that our state is not only sustaining the national economy — we are driving the future of global innovation,” Newsom said.
