Investors have catapulted Alphabet’s stock market value above $1tn for the first time, making it the fourth US tech group to cross the threshold.
Alphabet, Google’s parent company, closed trading on Thursday with a market capitalisation just over $1tn, after a late surge in its share price pushed it over the milestone. Shares were up 0.8 per cent on the day to $1,450.16.
Apple was the first public company to join the $1tn club, in August 2018, and now holds a $1.4tn market capitalisation. It was followed by Amazon, Microsoft and Saudi Aramco. Amazon has since dipped below the $1tn mark.
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