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Alphabet crests US$1 trillion market cap thanks to Google

Alphabet joins Apple, Amazon and Microsoft with a US$1 trillion market cap. (Source: Alphabet)
Alphabet joins Apple, Amazon and Microsoft with a US$1 trillion market cap. (Source: Alphabet)
Alphabet has become the US fourth company to crest the US$1 trillion market cap. This puts it up there with Apple, Amazon and Microsoft which are the only other companies to achieve the milestone.

Alphabet has hit a market cap of US$1 trillion for the first time. It now joins only Apple, Amazon and Microsoft as one of only four US companies to have achieved the landmark. Of course, powering its valuation over the threshold is the performance of Google, the key portfolio in Alphabets wider range of bets across various initiatives all of which utilize technology at their core.

A significant driver of Google’s success, which has helped to lift Alphabet’s overall valuation are its cloud efforts. Although it still lags both Amazon and Microsoft in the space, Google’s cloud businesses has doubled from US$1 billion per quarter to US$2 billion per quarter between the period of February 2018 to July 2019. This growth is projected to continue over the next twelve months helping to make investors bullish about its growth prospects.

Alphabet recently underwent a significant upheaval in its leadership with co-founders Sergey Brin and Larry Page stepping down from their leadership roles and handing the reigns over to Google CEO Sundar Pichai. Now at the helm of both Google and Alphabet, investors see Pichai as being a safe pair of hands who is capable of tackling the ongoing perception of security concerns and cultural issues that have mired Google, in particular, in recent times.

Analysts predict the next of the big US tech companies to crest the US$1 trillion valuation will be Facebook, which currently sits are around a US$650 billion market cap. Apple, in the meantime, could be headed towards a US$2 trillion valuation if continues on its current trajectory.

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Sanjiv Sathiah, 2020-01-17 (Update: 2020-01-17)
Sanjiv Sathiah
Sanjiv Sathiah - News Editor
I have been tech-obsessed from the time my father introduced me to my first computer, an Apple ][. Since then, I have grown to enjoy exploring and experimenting with any computing platform that I can get my hands on – I am the definitive early adopter! I have always been interested in how we can use technology to shape and improve our lives, most recently using it to record, mix and master my debut record, Acuity – Nature | Nurture out now on Spotify.