Google Parent Alphabet Is No Longer A $1 Trillion Company After Latest Earnings Miss

Google’s market value had passed $1 trillion for the first time in mid-January, making it the fourth big tech company at the time to surpass that milestone.to reach a $1 trillion market cap back in August 2018, and continued to forge ahead with the stock rising nearly 6% in 2020 while it’s market value sits around $1.39 trillion.during the first half of 2019; its shares are up 12% so far in 2020 and the company is now worth $1.37 trillion giving Apple a run for its money as the most valuable U.

Jeff Bezos’ Amazon is the third big tech company with a market cap of more than $1 trillion—valued at $1.01 trillion today, its stock has risen just over 7% this year.Despite Alphabet’s missed earnings and decline in market value, Wall Street analysts remain overwhelmingly bullish on the stock and appear to be confident that it can bounce back. Eighty-nine percent of analysts covering the stock assign it a “buy” rating, 11% a “hold” rating and 0% a“sell” rating, according to Bloomberg data.

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