Alphabet is on track to reach a market capitalization of $4 trillion, driven by strong momentum in the field of artificial intelligence. Google’s parent company has shown remarkable growth in the last year by increasing its focus on AI tools.
The company’s shares rose 4.1% to $331.7 in pre-opening trading on Tuesday. These levels suggest that Alphabet could surpass its historical threshold at the start of trading on the stock exchange.
Alphabet, a giant in search and advertising technologies, is one of the limited number of technology giants participating in the race to dominate the rapidly growing artificial intelligence market. The AI-focused growth that Wall Street has been closely following this year continues to significantly support the company’s valuation.
