Technology

Alphabet on pace to hit $4 trillion market value as AI gains momentum

A view shows the Google logo on a building in San Salvador, El Salvador, July 26, 2024. REUTERS/Jose Cabezas

(Reuters) -Alphabet was on track to hit a historic $4 trillion market valuation on Tuesday, powered by an impressive year-long rally fueled by the Google parent's sharpened focus on artificial intelligence tools.

Shares of the company were up 4.1% at $331.7 in premarket trading, putting the company on course to breach the key milestone at the open.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News
EU Parliament backs digital euro, aligns with Council on online and offline ready currency
Tesla files complaint against union member for secretly recording works council meeting, memo shows
Instant View: Paramount adds sweeteners to Warner Bros bid
Google secures EU antitrust approval for $32 billion Wiz acquisition
AI led software selloff may pose risk for $1.5 trillion U.S. credit market, says Morgan Stanley
Google hit by European publishers' complaint to EU over AI Overviews
Paramount sweetens Warner Bros bid with ticking fee, Netflix break-up fee cover
India tightens grip on social media with new three-hour takedown rule
Telegram messaging app faces new restrictions and fines in Russia, media report
Alphabet to sell rare 100-year bond to fund AI expansion, bookrunner memo shows

Trending in Tech

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.