Amazon, Facebook, Meta, Apple, Microsoft. They all seem to get the most headlines amongst the biggest tech companies in the world, but when it comes to making money, Alphabet, the parent company of Google is in a league of their own.
The stock price for Alphabet has surged an incredible 79% this year, and is the leader of the pack in revenue for the top tech companies in the U.S.
On top of that, Alphabet is now in the $2 trillion club when it comes to market capitalization, joining Apple and Microsoft in that exclusive club.
The value of the company has doubled since the start of the pandemic. That is not a misprint. One of the most valuable companies in the world at the start of 2020 doubled it’s market cap in 18 months.
If you have some GOOGL in your portfolio, it may not surprise you that the stock has risen 70% in 2021.
YouTube was crushed it on the revenue side in the third quarter to the tune of $7.2 billion. That is more than Twitter, LinkedIn, Pinterest and Snapchat combined.
It’s been a great year for most tech companies. Microsoft hit the $2 trillion mark in June, and Amazon is closing in on the 12-figure club, clocking in at roughly $1.7 trillion now.