Google parent company "Alphabet" market capitalization over $ 1 trillion for the first time January 17 14:54
For the first time, the market capitalization of Alphabet, a holding company that owns a major US IT company Google, has exceeded $ 110 trillion in Japanese yen. This is the fourth US company with a market capitalization of more than $ 1 trillion, following Apple and others.
On the 16th, the Alphabet's share price rose more than $ 10, and its market capitalization, multiplied by the number of shares outstanding, was $ 1 trillion, exceeding about 110 trillion yen in Japanese yen.
Companies with a market capitalization of more than $ 1 trillion are also called "Trillion Dollar Clubs" in the United States, and are the fourth US company after Apple, Amazon.com and Microsoft.
Since its founding in 1998, Google has rapidly expanded its business with Internet search services, and its businesses such as YouTube and cloud services for video sharing sites are performing well.
In the U.S., there is concern that oligopoly by large IT companies will progress, but in addition to investor expectations for business prospects, accommodative policies continue in Japan, making it easier for capital to flow into the stock market. This seems to have boosted the rise in stock prices.