Alphabet became the first company to exceed a $2 trillion market value after Apple and Microsoft. Alphabet, Google’s parent company, briefly crossed that valuation level in November 2021 as investors continued to value its advertising, cloud, and digital-services businesses.
Alphabet was created in 2015 during a corporate restructuring that placed Google and several other ventures under a new holding company. Google remains Alphabet’s largest business, with major operations in internet search, online advertising, video through YouTube, and cloud computing.
The exact order of valuation milestones can vary depending on whether a source uses intraday prices or closing prices. Alphabet’s market capitalization has also moved with advertising cycles, interest rates, regulatory concerns, and the company’s investments in artificial intelligence. Alphabet is not the same corporate entity as Google, although Google is its principal subsidiary.