Disclaimer: We may earn a commission if you make any purchase by clicking our links. Please see our detailed guide here.

Follow us on:

Google’s Parent Company Alphabet Hits $2tn Valuation

IANS
IANS
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Join the Opinion Leaders Network

Join the Techgenyz Opinion Leaders Network today and become part of a vibrant community of change-makers. Together, we can create a brighter future by shaping opinions, driving conversations, and transforming ideas into reality.

Sundar Pichai-run Alphabet, Google’s parent company, has finally reached the coveted $2 trillion market cap milestone.

The tech giant’s market cap briefly crossed the $2 trillion mark late on Monday, closing at $2,987.03 per share.

Alphabet’s market cap has doubled from $1 trillion since January 2020.

Alphabet now joins Apple and Microsoft, who are already part of the $2 trillion clubs in the US.

Alphabet, the parent company of Google, posted all-time record revenue of $61.9 billion for the July-September quarter and record profits at $18.9 billion.

It said late last month that with respect to foreign exchange impact on reported revenues, it expects virtually no impact in Q4 in contrast to a 1.5 percent tailwind in Q3 and 4 percent in its Q2.

Apple hit the mark in April last year, while Microsoft reached the $2 trillion mark in June this year.

Amazon is also nearing the $2 trillion mark.

Microsoft is now worth a smidge more than Apple, making the Satya Nadella-led cloud software giant the world’s most valuable company. Both companies are worth about $2.5 trillion.

Tesla, Elon Musk’s electric car giant, recently passed the $1 trillion mark and has since surged to a market cap of about $1.25 trillion.

These five companies are now collectively worth almost $10 trillion.

CNN reports nearly a quarter of the combined $41.8 trillion market cap of the entire S&P 500.

Partner With Us

Digital advertising offers a way for your business to reach out and make much-needed connections with your audience in a meaningful way. Advertising on Techgenyz will help you build brand awareness, increase website traffic, generate qualified leads, and grow your business.

Join 10,000+ Fellow Readers

Get Techgenyz’s roundup delivered to your inbox curated with the most important for you that keeps you updated about the future tech, mobile, space, gaming, business and more.

Recomended

Find Apps

The Ultimate Hub for Discovering Apps Unlock a world of apps: your ultimate hub for exploring and discovering limitless possibilities for on your every needs.

Power Your Business

Solutions you need to super charge your business and drive growth

More from this topic