Tag Alphabet

Alphabet is the parent company of tech giant Google. As per the latest buzz, the company has hit 1 trillion USD in the market capitalization for the first time. With this, it has become the fourth company in the United States to have touch this milestone. The first was Apple that touched this market in 2018, followed by the other two giants like Microsoft and Amazon respectively last year. We still see Apple and MS to be among the valued groups for touching the trillion dollars, while Amazon is close yet has fallen below the mark. Recently when Larry Page, the founder of the company stepped down from the CEO position for the parent company with the other co-founder Brin, Sundar Pichai came up with this position who then started taking up the charge of Alphabet along with other businesses like Android, Youtube and digital ads, which seemed to be a profit making companies. He is reporting to Page but made sure to use his liberty to invest in some long term technologies like AI, self driving cars and delivery drones to name a few. He seems to be going great guns despite Page and Brin hold key control over the major decisions within the company. The company has also expanded its base in cloud business that seemed lagging from the other tech giants like Microsoft and Amazon that scored 2 billion and 1 billion USD last year. These companies are still eyeing for the same result, while with the recent investment of Google in Cloud Healeth domain, there is no looking back for the tech giant. Despite the issues from the market, Google under the leadership of Pichai is going great guns. Some companies now see a stable ad business. Just last month, Stifel was seen hiking the price target up to 14 per cent. In the past Alphabet shares have been often at the lower side than being on the top, however, with the recent surge, the company is back in business and that made the company reach this milestone. With the company valuation of around 620 billion USD, the next in the race is Facebook, which could cover the trillion-dollar milestone. The four quarters of Alphabet seemed good that helped the company touch this milestone last year. If things move in the same direction and with the same pace, it is likely to retain the same milestone by the end of 2020 as well. Let's see how things move, but at the moment things are rosy for the Google parent company under the leadership of Pichai.