Google parent company Alphabet hits $1 trillion valuation

Daniel Fowler
January 17, 2020

At last: Google's parent company, Alphabet, is now the fourth company in the U.S. to attain a market value of more than $1 trillion, after Apple, Amazon, and Microsoft.

Inc. also hit a $1 trillion market cap in September 2018, but that stock's fortunes were quickly reversed and it's now said to be worth "just" $930 billion.

Apple is now the world's most valuable company with a market cap of $1.4 trillion.

While Alphabet achieves nearly the entirety of its revenue from its Google subsidiary, Google Cloud is less a factor on the larger company's financials than the corresponding cloud businesses for Amazon and Microsoft.

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Alphabet, which has seen a almost uninterrupted advance in its share price since the summer, closed on the Nasdaq exchange at $1,450.16-delivering a final market cap rounded at $1 trillion.

The most valuable company in the world remains the Saudi Arabian Oil Company, better known as Aramco, which went public last month and is valued at $1.8 trillion. With a value of $632 billion, Facebook is largely seen as the next competitor to cross the $1 trillion line.

Amazon, which is now valued at about $930 billion, was the second USA firm to ever hit the $1 trillion level back in September 2018.

The rest of the tech sector - as well as the broader market - is soaring too thanks to optimism about the phase one trade deal between the United States and China and solid fourth quarter earnings from many big banks.

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