Parent company Google approached $ 2 trillion capitalization

Parent company Google has come close to capitalization of $ 2 trillion. Alphabet is up 70% YTD, driven by the company’s strong financial performance, driven by increased ad and cloud revenue.

Parent company Google approached $ 2 trillion capitalization

Alphabet capitalization, according to the Nasdaq exchange at 20:50 Moscow time, is $ 1.987 trillion. During the trading session, the company’s shares gained 0.4%. One security is traded at a price of about $ 3 thousand.

The capitalization of parent company Google has grown by about 70% since the beginning of 2021, showing a leading pace among the largest technology companies. This was due to the increased interest of investors in the financial performance of Alphabet – it significantly increased revenues from advertising and cloud services.

In August 2020, Apple reached a capitalization of $ 2 trillion. In June 2021, Microsoft reached the same mark. At the moment, the companies’ capitalizations are $ 2,607 and $ 2,516, respectively.

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Source: RB.RU by

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