Alphabet becomes 4th US company to hit $1 trillion mark

San Francisco: Sundar Pichai-led Alphabet, Google’s parent company, has joined the elitist club of US companies with $1 trillion valuation which includes Apple, Microsoft and Amazon.

The stock of the company closed at $1,451.70 on Thursday, taking the value to $1 trillion.
The iPhone maker was the first US company to hit the $1 trillion threshold in 2018.

According to CNBC, analysts are bullish on the company’s newly appointed CEO Pichai.

Alphabet founders Larry Page and Sergey Brin announced plans to step down in December last year, elevating Pichai as both Alphabet and Google CEO.