American owned search engine company Google on Thursday, January 16 2020, crossed the $1trillion value mark on the NSE trading floor.
The search engine company recorded the milestone achievement after its parent company, Alphabet ended the day’s trading at $1,451.70 per share, up 0.87 percent.
With Thursday’s achievement, Google became the fourth S&P 500 component to top the lofty level. Business Insider reported that while Apple and Microsoft are still valued at more than $1 trillion, Amazon which was the second US firm to ever hit the $1 trillion level back in September 2018 has since fallen below the number.
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This is the first time that three American companies are worth at least $1 trillion at the same time. The most valuable company on the planet is still the oil giant Saudi Aramco, who went public last month at a valuation of $2 trillion and is currently worth around $1.8 trillion.
Alphabet’s record market valuation came after a historic change in leadership at the company. Recall that Sundar Pichai became the CEO of both Google and Alphabet after co-founders Larry Page and Sergey Brin announced that they would step back from the company which they founded in 1998. Photo Credit: Getty