Google’s parent company, Alphabet, is now worth $3 trillion, a feat only achieved by three other tech giants: Nvidia, Microsoft, and Apple.
Alphabet shares gained more than 4% in value on Monday, allowing the company to achieve a historic market capitalization of $3.03 trillion at the time of writing. Market capitalization measures the total value of a company by multiplying its share price by the number of outstanding shares.
Alphabet hit the $3 trillion mark just over two decades after Google first went public in 2004, and more than 10 years after its own creation as Google’s parent company.
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