Google owner Alphabet’s value hits $3 trillion milestone

Google owner Alphabet reached a market value of $3 trillion for the first time yesterday.

Shares in the company rose nearly 4 per cent to $250 – a record high.

Alphabet joined fellow tech titans Apple and Microsoft in hitting a $3 trillion valuation.

AI chipmaker Nvidia, the world’s most valuable company, boasts a market cap of $4.25 trillion (£3.1 trillion).

Tech and AI-linked stocks have powered Wall Street’s main indexes to record highs.

Kim Forrest, at Bokeh Capital Partners, said: ‘There has been no other [sector] in the past 18 months, maybe even two years, that has had such excitement from investors.’