Google-parent Alphabet becomes $3 trillion company, joins Apple, Nvidia and Microsoft

Google-parent Alphabet has officially become the fourth company to join the $3 trillion club. The list till date included chipmaker Nvidia, software giant Microsoft and Apple as the only other publicly traded stocks above the $3 trillion mark. According to a CNBC report, shares of the tech giant jumped over 4% to $251.22 on Monday, September 15 – resulting in a market capitalization of just over $3 trillion. Alphabet’s shares have increased by more than 70% since its April low, adding roughly $1.2 trillion in value over the period. The stock rise comes after a judge issued a lighter-than-expected antitrust ruling.

Interestingly, Google reached the $3 trillion mark nearly 20 years after its IPO and just over a decade after Alphabet was created as its parent company.