Google’s parent company, Alphabet, hit a new milestone on Friday: a $2 trillion market cap.

Google is now the world’s fourth most valuable public company, right behind Nvidia, Apple, and Microsoft, which has a market cap of just over $3 trillion and overtook Apple earlier this year for first place.

  • DosDude👾@retrolemmy.com
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    6 months ago

    How the hell is Nvidia worth more?

    Why is this kind of market cap even possible?

    This makes no sense on all fronts…

    • tal@lemmy.todayOP
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      6 months ago

      I think that they’re considered to be well-positioned to extract a ton of money from companies that want to do parallel computing, AI and suchlike.

    • JustARaccoon@lemmy.world
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      6 months ago

      They’re the main server hardware supplier around, especially when it comes to new tech areas like generative technology and things that require a lot of computation.