Alphabet Nears $3 Trillion Valuation
This is a Alphabet news story, published by MSN, that relates primarily to Google news.
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•Meet the Unstoppable Stock That Could Join Apple, Nvidia, and Microsoft in the $3 Trillion Club Next Year
84% Informative
Alphabet is the world's fourth -largest company with a market capitalization of $2.1 trillion .
It's the parent company of Google , YouTube , and Waymo , and the conglomerate is quickly becoming a leader in the artificial intelligence ( AI ) race.
Alphabet generated a record $88.2 billion in revenue during the third quarter , a 15% increase from the year-ago period.
Alphabet is the cheapest stock in the trillion-dollar club by far.
The U.S. Department of Justice filed an antitrust lawsuit against Alphabet in 2020 , alleging the company engaged in anticompetitive practices by paying Apple up to $20 billion per year to make Google the default search engine on devices like the iPhone .
If Alphabet 's P/E ratio rose to 32.3 to trade in line with the Nasdaq-100 technology index, that would take the company's market cap to $2.8 trillion .
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