On Monday evening Beijing time, American tech giant Alphabet (Google's parent company) reached a historic milestone: its total market capitalization surpassed $3 trillion for the first time. This achievement officially makes Alphabet the fourth publicly listed company globally to reach $3 trillion, joining Apple, Microsoft, and Nvidia.
Since its stock price bottomed out in April of this year, Alphabet has demonstrated strong upward momentum, with a cumulative increase of over 70% and a market capitalization increase of over $1.2 trillion.
This rapid growth not only reflects the market's continued optimism about its leading position in core areas such as artificial intelligence, cloud computing, and digital advertising, but also demonstrates investors' strong confidence in Alphabet's future growth potential.
This market capitalization surpassing $3 trillion not only marks a significant leap in Alphabet's enterprise value but also further solidifies the dominant position of American tech giants in the global capital markets.
In the current wave of AI-driven new technologies, Alphabet continues to attract market attention with its deep technological expertise and strategic layout, becoming the next tech company, following Microsoft and Nvidia, to demonstrate trillion-dollar growth momentum.
Analysts believe Alphabet's strong stock price performance is driven in part by the company's latest financial report, which reported better-than-expected results across several businesses, and in part by breakthroughs in AI, including the release of the Gemini model family and the intelligent upgrade of its search business.
The market is closely watching whether Alphabet can maintain its technological leadership and business growth, and continue to stand out in the fierce competition in AI.