Alphabet Joins USD 3 Trillion Club: In a major development, Google’s parent company Alphabet has crossed the market cap of USD 3 trillion for the first time, making history. With this remarkable achievement, Alphabet has joined the club of US-based companies whose valuation is over USD 3 trillion. The elite club includes tech giants such as Apple, Microsoft, and Nvidia.

What Is The Reason Behind Alphabet’s Surge?

Notably, there are several reasons behind Google’s parent company’s surge. One of the major reasons is US court, which exempted Google from selling or separating its Chrome browser and Android OS. The development has raised the company’s shares, ending investors fears.

On Monday, Alphabet’s shares surged by 4.7 percent to about 3.45 percent. This year, the shares have increased over 30 percent, giving a return of 52 percent to its investors.  According to market experts, the shares can reach between USD235 and USD300 in the coming year.

HIGHLIGHTS

• Google’s parent company Alphabet joins Apple, Microsoft, and Nvidia in the elite 3 trillion-dollar club.
• US court ruling exempting Google from selling Chrome and Android drives shares surge.
• Google Cloud, Gemini, and YouTube report tremendous growth, diversifying Alphabet’s earnings.
• From its 2004 debut to today, Alphabet’s journey reflects dominance in digital services.

What Is the Major Source of Alphabet’s Earnings?

It is worth noting that the company is not solely dependent on search and advertising. Google Cloud has also reported tremendous growth of 32 percent year-on-year in the second quarter. Gemini and YouTube are also earning huge profits.

When Did Google’s Introduce Its IPO?

The IPO of the search engine giant was introduced 20 years ago. Today, the company has a stronghold in the era of digital services and AI. Google has proved it by reaching USD 3 trillion mark. It is also trying to search for other sources of income in order to increase its overall profit.