Alphabet's market cap reached $1 trillion for the first time
Alphabet's market cap reached $1 trillion
Notes :
- Alphabet Inc. hit the $1 trillion market capitalization, making it the fourth U.S. company to hit the milestone after Apple, Amazon and Microsoft.
- Despite the company’s seemingly perpetual cultural clashes, Wall Street sees more dollar signs.
California : Google's parent company Alphabet's market cap reached $ 1 trillion (Rs 71 lakh crore) for the first time. The valuation rose as the company's stock rose 0.8% on Thursday.
Alphabet's valuations have increased 12% in the one and a half months since Indian-origin Sundar Pichai became CEO. Pichai became CEO on 4 December, the day Alphabet stood at $ 893 billion (Rs 64 lakh crore).
Sundar Pichai, the chief executive officer (CEO) of Alphabet Inc.
US stock market analysts see Pichai's leadership as positive. They have also raised the target of Alphabet's share price. 85% of Alphabet's revenue comes from Google. Pichai has also been responsible for the CEO of Google since 2015. In his leadership, Google's ad revenue has increased by 85% in the last 3 years.
Alphabet's market cap reached $1 trillion
Piyush Verma
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