Google-parent Alphabet becomes $3 trillion company, joins Apple, Nvidia and Microsoft

Google-parent Alphabet has officially become the fourth company to join the $3 trillion club. The list till date included chipmaker Nvidia, software giant Microsoft and Apple as the only other publicly traded stocks above the $3 trillion mark.

According to a CNBC report, shares of the tech giant jumped over 4% to $251.22 on Monday, September 15 – resulting in a market capitalization of just over $3 trillion.

Alphabet’s shares have increased by more than 70% since its April low, adding roughly $1.2 trillion in value over the period. The stock rise comes after a judge issued a lighter-than-expected antitrust ruling.

US Judge’s ruling 'helped' Google hit $3 trillion milestone

In a landmark ruling earlier this month, the US District Judge Amit Mehta ruled in favour of Google, stating it can retain its Android operating system and Chrome browser.