Alphabet joins the Trillion-Dollar Club

12:27, 17 January 2020

Google parent company Alphabet (GOOGL) rose 0,76% on Thursday and became the fourth U.S company to reach 1 trillion dollars in market value.

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


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Sources: bloomberg.com,marketwatch.com, thestreet.com

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