Alphabet, Google’s parent company, surpasses the $3 trillion mark for the first time.
After surpassing the $3 trillion market valuation mark yesterday, Alphabet is now the fourth most valuable company on the stock market.
Alphabet, Google’s all-powerful parent company, has long held the reputation of being one of the most valuable companies in the world, and yesterday the Mountain View company reached a new milestone directly related to its exorbitant stock market valuation.
After its stock soared on Monday, Alphabet yesterday surpassed the $3 trillion valuation barrier for the first time. The value of the American multinational’s shares jumped approximately 4% yesterday to reach $252, a rise that led Alphabet to a new record on the Nasdaq technology index.
The milestone achieved yesterday by Google’s parent company caps the hectic rise experienced by its shares on the stock market since the beginning of last April. At that time, Alphabet shares were valued at approximately $145. In just one year, the company’s stock market valuation has increased by almost 60%.
After surpassing the $3 trillion mark yesterday, Alphabet is now the fourth most valuable company on the international stock exchange. Only Apple, Microsoft, and chipmaker Nvidia, which is benefiting greatly from the AI boom, are more valuable than Google’s parent company.
Alphabet is the fourth most valuable company in the world, behind Apple, Microsoft, and Nvidia.
Analysts, on the other hand, are firmly convinced that Alphabet’s stock could grow even further in the coming months. The American bank Citigroup recently indicated that the company’s shares could reach a value of up to $280. According to Citigroup analyst Ron Josey, the acceleration of Alphabet’s product development cycle would be gaining momentum with the expansion of Gemini’s reach. Furthermore, there is now greater clarity about the legal and regulatory challenges facing the company, which was recently exonerated by US courts from a potential Google spinoff.
Along with Apple, Microsoft, Nvidia, Meta, Amazon, and Tesla, Alphabet is one of the «Fantastic Seven» of the US stock market. This privileged group has significant weight in ETFs and index funds such as the MSCI World or S&P 500.
Fuente: www.marketingdirecto.com
