Google’s parent company, Alphabet, is now worth $3 trillion, a feat only achieved by three other tech giants: Nvidia<\/a>, Microsoft<\/a>, and Apple<\/a>.<\/p>\n Alphabet shares gained more than 4%<\/a> in value on Monday, allowing the company to achieve a historic market capitalization of $3.03 trillion at the time of writing. Market capitalization<\/a> measures the total value of a company by multiplying its share price by the number of outstanding shares.<\/p>\n Alphabet hit the $3 trillion mark just over two decades after Google first went public<\/a> in 2004, and more than 10 years after its own creation<\/a> as Google’s parent company.<\/p>\n Related: <\/b>Amazon Is the Fifth Company in History to Join the Coveted $2 Trillion Tech Club<\/a><\/p>\n Alphabet’s market cap has grown tremendously, more than 70%, from a low of $1.8 trillion <\/b>in April<\/a>. The recent surge value is partially due to an antitrust ruling earlier this month in the case Department of Justice (DOJ) v. Google<\/a>, which resulted in lighter penalties than initially suggested by the DOJ. The ruling caused Alphabet shares to rise by over 20%<\/a> over the past month.<\/p>\n In the week following the ruling, Alphabet gained $234 billion<\/a> in market cap. The company’s stock is up more than 30% year-to-date. For context, the Nasdaq as a whole is up 15%<\/a> for the year, per CNBC<\/i><\/a>.<\/p>\n Related: <\/b>Google Reportedly Told Its Staff to Use AI More or Risk Falling Behind: ‘It Seems Like a No-Brainer’<\/a><\/p>\n Wall Street generally views Alphabet stock favorably. More than 80% of Wall Street analysts recommend buying the stock as of Monday, per Bloomberg<\/i><\/a>.<\/p>\n Alphabet joins other tech giants that have made it into the $3 trillion club \u2014 and beyond. Apple achieved the $3 trillion milestone in June 2023<\/a>, while Nvidia and Microsoft have taken it a step further by passing the $4 trillion mark.<\/p>\n Nvidia achieved a $3 trillion market cap in June 2024<\/a> and later surpassed $4 trillion in early July<\/a>, for a market cap of $4.3 trillion<\/a> at the time of writing. Microsoft, meanwhile, hit the $3 trillion mark in January 2024<\/a> and passed the $4 trillion point in late July<\/a>, though its market cap has dropped to $3.8 trillion<\/a> at the time of writing.<\/p>\n Alphabet’s focus in recent years has been on artificial intelligence, as the company strives to compete with Meta<\/a>, OpenAI<\/a>, and other key players in the AI race. While announcing its second-quarter earnings<\/a> in July, Alphabet mentioned that it was increasing its AI expenditures from $75 billion<\/a> to $85 billion amid growing demand for its cloud and AI services<\/a>.<\/p>\n “AI is positively impacting every part of the business, driving strong momentum,” Alphabet and Google CEO Sundar Pichai stated in the earnings report.<\/p>\n Related: <\/b>This Is How Senior Leaders Are Using AI at Work, According to a Google Survey<\/a><\/p>\n<\/div>\n Google’s parent company, Alphabet, is now worth $3 trillion, a feat only achieved by three other tech giants: Nvidia<\/a>, Microsoft<\/a>, and Apple<\/a>.<\/p>\n Alphabet shares gained more than 4%<\/a> in value on Monday, allowing the company to achieve a historic market capitalization of $3.03 trillion at the time of writing. Market capitalization<\/a> measures the total value of a company by multiplying its share price by the number of outstanding shares.<\/p>\n Alphabet hit the $3 trillion mark just over two decades after Google first went public<\/a> in 2004, and more than 10 years after its own creation<\/a> as Google’s parent company.<\/p>\n<\/div>\n![\"\"](\"https:\/\/assets.entrepreneur.com\/images\/misc\/1757957920_Sundar-Pichai-GettyImages-2218001209.jpg?width=1000\")
Alphabet CEO Sundar Pichai. Photographer: David Paul Morris\/Bloomberg via Getty Images<\/i><\/sup><\/p>\n