Alphabet, Google‘s parent company, has finally breached the coveted $2 trillion market cap milestone.
The tech giant’s market cap briefly crossed the $2 trillion mark late on Monday, closing at $2,987.03 per share.
Alphabet’s market cap has doubled from $1 trillion since January 2020.
Alphabet now joins Apple and Microsoft who are already part of the $2 trillion clubs in the US.
Alphabet, the parent company of Google, posted all-time record revenue of $61.9 billion for the July-September quarter, along with record profits at $18.9 billion.
It said late last month that with respect to foreign exchange impact on reported revenues, it expects virtually no impact in Q4 in contrast to a 1.5 percent tailwind in Q3 and 4 percent in its Q2.
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Apple hit the mark in April last year, while Microsoft reached the $2 trillion mark in June this year.
