Google’s parent company, Alphabet, has reached a historic milestone in the financial markets by surpassing a market capitalization of $3 trillion for the first time, solidifying its status as one of the most valuable companies in the world. The surge came after its Class A shares rose about four percent to $252 on the New York Stock Exchange, making them among the strongest performers on the Nasdaq 100 technology index.
This jump crowns a sustained rally since early April, during which Alphabet’s Class A shares have gained nearly 60 percent over the past year. With this achievement, Alphabet has become the fourth most valuable publicly traded company in the United States, ranking behind only Apple, Microsoft, and Nvidia—the latter recently becoming the world’s most valuable company thanks to the global artificial intelligence boom and its dominance in the chip sector. Analysts believe Alphabet still has room for further growth.
The latest bullish momentum came after U.S. bank Citigroup raised its price target for Alphabet’s Class A shares from $225 to $280. Analyst Ron Josey highlighted that Alphabet is entering an accelerated product development cycle, driven by the rapid expansion of its AI-based chatbot Gemini, which is gaining traction in both advertising and cloud services.
Investors also perceive greater clarity regarding Alphabet’s legal and regulatory challenges, in the context of a relatively healthy online advertising market. This combination of factors has strengthened Wall Street’s confidence in Alphabet’s long-term growth potential, as the company continues to cement its position as one of the pillars of the global technology ecosystem.
