As known from:
CoinWireICOBenchCoinCodex
Write a Review
Write a Review
Nothing Found
Contains commercial content
TradersBest.com / Google’s Alphabet Hits $2 Trillion Market Value

Google’s Alphabet Hits $2 Trillion Market Value

Publish Date: 16/11/2021

Last week saw Alphabet – Google’s parent company – hitting a $2 trillion valuation. This marks just the third time that a US firm has reached this figure. With both Microsoft and Apple leading the way, it shows that Alphabet is now one of the true heavy-hitters of the Big Tech domain.

Alphabet has enjoyed an excellent 2021 and was actually the best-performing of the five biggest tech stocks . Each quarterly report showed that Alphabet had cleverly benefited from the relative return to normality after the pandemic. With a shrewd positioning in advertising-based revenues along with innovation in cloud computing, it has helped Alphabet stock prices nearly hit a record $3,000 mark.

While the $2 trillion valuation is just a number, it shows that Alphabet is part of the tech elite and many expect that Alphabet stock will continue to rise as a result of its relatively cheap valuation and growth rate. Not bad for a tech company that was worth just $23 billion when Google had its IPO in 2004.

A great year for Alphabet

With a stock value rise of 70%, Alphabet has been the darling of Wall Street in 2021. Much of this has been due to things like the fact that Alphabet-owned YouTube has brought in over $7 billion in advertising revenues in the third-quarter.

Not only was this an increase of over 43% compared to 2020, but it was more than the pooled revenues of Twitter, LinkedIn, Pinterest and Snapchat. Interestingly, ad revenues in the third quarter were largely unchanged despite Apple’s privacy changes that had hit Facebook hard.

But it’s the sheer reach of Alphabet that truly impresses. From dominating internet searches to pioneering cloud computing software, the company has largely sidestepped the supply chain issues that have dogged tech rivals like Apple. Plus with the Waymo electric car company making positive noises, there is real hope that these are still early days for the rampant rise of Alphabet.

Who will be the first $3 trillion company?

Given the explosive growth of Alphabet, it’s little wonder that there is already speculation about which will be the first company to hit the $3 trillion mark. Unsurprisingly, Microsoft, Apple and now  Alphabet are among the front-runners, while both Tesla and Amazon are in with a shot.

The recently rebranded Facebook as Meta Platforms is expected to join the trillion-dollar club soon as it has a market valuation of approximately $930 billion. Plus Tencent and Nvidia are also hovering around the trillion-dollar mark.

All of which has led to the bizarre situation where the five-largest tech brands make up around a quarter of the overall market cap of the S&P 500. But which of these brands will continue their impressive growth rates remains to be seen. After all, Cisco and Intel led the tech world a couple of decades ago, but have since lost ground to the new generation of tech brands.

Read Also
Google Stock Jumps 9% After Dazzling Earnings Report
Alphabet, the parent company of Google, saw its stock value skyrocket after ...
Apple Reports Record Revenues and Overcomes Supply Chain Issues
Apple looks to have overcome the supply chain crisis as it posted ...
Microsoft Earnings Report Brings Good News For Investors
Tuesday saw Microsoft delivering a positive fiscal second-quarter earnings report. This showed ...
Microsoft plans to buy Activision Blizzard
Microsoft has announced the shock decision to buy the games publisher Activision ...
Apple Briefly Becomes First $3 Trillion Company
Apple briefly became the world’s first $3 trillion dollar company on Tuesday. ...
Latest News
Study: how do finances shape our love life?
Do we find someone less attractive if they're ...
Is FTX Bankrupt? 
The crypto market has seen a drastic change ...
Disney Shares Jump 6% After Positive Earnings Report
A booming subscriber base and the return of ...
Alibaba Posts Flat Revenue Growth But Stock Still Jumps 6%
Chinese ecommerce giant Alibaba posted its first earnings ...
Intel Stock Slumps Over 8% Following Weak Earnings Report
Chip-maker Intel suffered a disastrous end to last ...
Top Forex Sites
Ally Invest
Ally Invest
Ally Invest Review
4.8/5
Webull
Webull
Webull Review
4.6/5
Kraken
Kraken
Kraken Review
4.3/5
Nadex
Nadex Review
3.6/5
Interactive Brokers
Interactive Brokers Review
4.8/5
Receive the latest trading news by email + our free eBook
Crypto eBook EN
Nobody is born a trading expert. Register now to receive the Ultimate Guide to Trading Cryptocurrencies in 2022 (and beyond), and receive the TradersBest.com newsletter with the latest market news and broker reviews!.

By registering, I agree that TradersBest.com may send me newsletters via email at regular intervals. This consent can be revoked at any time.
Receive the latest trading news by email + our free eBook
Nobody is born a trading expert. Register now to receive the Ultimate Guide to Trading Cryptocurrencies in 2022 (and beyond), and receive the TradersBest.com newsletter with the latest market news and broker reviews!.

By registering, I agree that TradersBest.com may send me newsletters via email at regular intervals. This consent can be revoked at any time.
Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Players must be 21 years of age or older or reach the minimum age for gambling in their respective state and located in jurisdictions where online gambling is legal. Please play responsibly. Bet with your head, not over it. If you or someone you know has a gambling problem, and wants help, call or visit: (a) the Council on Compulsive Gambling of New Jersey at 1-800-Gambler or www.800gambler.org; or (b) Gamblers Anonymous at 855-2-CALL-GA or www.gamblersanonymous.org.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

21+NCPG
Close
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site