Sundar Pichai-run Alphabet, Google’s parent company, has finally breached the coveted $2 trillion market cap milestone.<\/p>\n
The tech giant’s market cap briefly crossed the $2 trillion mark late on Monday, closing at $2,987.03 per share.<\/p>\n
Alphabet’s market cap has doubled from $1 trillion since January 2020.<\/p>\n
Alphabet now joins Apple and Microsoft who are already part of the $2 trillion club in the US.<\/p>\n
Alphabet, the parent company of Google, posted an all-time record revenue of $61.9 billion for the July-September quarter, along with record profits at $18.9 billion.<\/p>\n
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 per cent tailwind in Q3 and 4 per cent in its Q2.<\/p>\n
Apple hit the mark in April last year, while Microsoft reached the $2 trillion mark in June this year.<\/p>\n
Amazon is also nearing the $2 trillion mark.<\/p>\n
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.<\/p>\n
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.<\/p>\n
These five companies are now collectively worth almost $10 trillion.<\/p>\n
That’s nearly a quarter of the combined $41.8 trillion market cap of the entire S&P 500, reports CNN.<\/p>\n","protected":false},"excerpt":{"rendered":"
Sundar Pichai-run Alphabet, Google’s parent company, has finally breached 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 club in the US. Alphabet, the parent company of Google, posted an all-time record revenue of $61.9 billion for the July-September quarter, along with record profits at $18.9 billion. It said late last month that with respect to foreign exchange […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-799144","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=799144"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799144\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=799144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=799144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=799144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}