Alphabet, the parent company of Google, saw its stock price close at $160.79 per share on the recent Thursday trading session, bringing the company’s Market Cap to $1.992 trillion, inching close to the significant $2 trillion milestone.
Alphabet had once reached a valuation of $2 trillion in 2021. Currently, it is the 4th highest valued company in the US stock market, trailing behind Microsoft, Apple, and NVIDIA.
The key factors driving the increase in Google and Alphabet’s stock prices stem from the recent introduction of new products related to cloud and AI over the past few weeks.
Source: MarketWatch
TLDR: Alphabet’s stock price closed at $160.79 per share, nearing the $2 trillion Market Cap milestone. Recent product launches in cloud and AI have driven the increase in stock prices.
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