So far this year, shares rose 6%, following the sector trend. Overall, in the past 12 months, the stock climbed 33%. The company reports fourth-quarter earnings on Feb. 3.
Google’s (GOOGL) core ad revenue, which represented 84% of Alphabet’s total annual sales in its most recently reported quarter, has brought a fairly consistent annual revenue growth in the past ten years. The Silicon Valley-based company jumped from $900 billion to a $1 trillion in market value in less than two months,
Apple (AAPL), Amazon (AMZN), and Microsoft (MSFT) have reached this milestone in the past two years, with Apple and Amazon hitting the landmark numbers in 2018 and Microsoft in April 2019.
Market cap as of Feb 16, 2020 AAPL: 1.382T, MSFT: 1.268T, GOOGL:1.001T, AMZN: 931.077B
Stay tuned to Capex’s news section for more information and the latest updates!
Sources: bloomberg.com,marketwatch.com, thestreet.com
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