Alphabet, the parent company of Google, became the first Alphabet-era company to exceed $1 trillion in market value.
Alphabet briefly passed the $1 trillion threshold in January 2020. The milestone reflected investor confidence in Google’s advertising business, especially search advertising, as well as the growth of YouTube and Google Cloud.
Alphabet was created in 2015 through a corporate reorganization. Google became its largest subsidiary, while other ventures were placed under the broader Alphabet structure. This arrangement separated the core internet business from projects such as self-driving technology and life sciences.
A common mix-up is to call Alphabet simply “Google” when discussing the parent company’s market capitalization. Google remains the best-known operating business, but Alphabet is the publicly traded corporation whose shares are valued on the stock market.