Alphabet Inc. (GOOGL) Crosses $3 Trillion In Market Cap For First Time

Alphabet Inc. (NASDAQ:GOOGL) is among the 15 Stocks ChatGPT Predicts Could Make You Wealthy in 5 Years. On September 12, the firm hit a market capitalization of $3 trillion for the first time, after a favorable antitrust ruling and renewed optimism around AI.

Alphabet Inc. (GOOGL) Crosses $3 Trillion In Market Cap For First Time

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The company’s class A shares rose 4.49% on Monday to close at $251.61 per share, taking its year-to-date returns to 33%, making Alphabet Inc. (NASDAQ:GOOGL) the best performer among other leading tech giants and comfortably outpacing the S&P 500 index, which has gained 12.47% this year.

AI and tech stocks have rallied lately, powering Wall Street’s main indexes amid growing hopes of interest rate cuts by the U.S. Federal Reserve.

With this landmark, Alphabet Inc. (NASDAQ:GOOGL) has joined other giants such as Apple and Microsoft in reaching the $3 trillion valuation mark, while Nvidia sits at the top with a market cap of over $4.32 trillion.

Alphabet Inc. (NASDAQ:GOOGL) owns several notable platforms such as Google Search, Google Maps, Gmail, and YouTube. The company is also known for pioneering work and research in cloud computing, quantum computing, and artificial intelligence.

While we acknowledge the risk and potential of GOOGL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GOOGL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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