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    Google owner Alphabet becomes the fourth company to be worth $3 trillion after shares soar 4%

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    Google owner Alphabet becomes the fourth company to be worth $3 trillion after shares soar 4%

    Google owner Alphabet reached a market value of $3 trillion for the first time yesterday.

    Shares in the company rose nearly 4 per cent to $250 – a record high.

    Alphabet joined fellow tech titans Apple and Microsoft in hitting a $3 trillion valuation.

    AI chipmaker Nvidia, the world’s most valuable company, boasts a market cap of $4.25 trillion (£3.1 trillion).

    Tech and AI-linked stocks have powered Wall Street’s main indexes to record highs.

    Kim Forrest, at Bokeh Capital Partners, said: ‘There has been no other [sector] in the past 18 months, maybe even two years, that has had such excitement from investors.’

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