NEW YORK: These days Google Inc is on a roll, making it the US$800 (RM2,479.76) gorilla in the room. Its shares hit an all-time closing high of US$821.50 (RM2,546.40) on Monday and some securities analysts are already forecasting the search company could soon be a US$1,000 (RM3,099.70) stock.
Its surge to new highs has come as its Android software dominates the mobile phone market and it continues to lead in mobile advertising. The gains have put Google firmly in third place among US companies in terms of market value after Apple Inc and Exxon Mobil Corp.
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