Another tech behemoth is poised to join the club of Silicon Valley giants valued at more than $1tn. Alphabet, Google’s parent company, reached a value of $993bn on Monday, with analysts expecting it to cross the $1tn mark soon.
Alphabet would join a select club of tech companies to pass $1tn in value. Apple became the first tech company to pass the benchmark in August 2018 and has since risen to be valued at $1.37tn.
The iPhone company was followed by Microsoft, which passed $1tn in April 2019 and Amazon, which joined the club in September. The value of Microsoft has continued to rise but Amazon has slipped back and is now worth $940bn..