Ondrej Holzman In just a few tens of hours, the Alphabet holding became the most valuable company in the world. After the stock market closed yesterday, Apple returned to the top spot, having paid for the most valuable company continuously in the last two years.
Alphabet, which mainly includes Google, se swung in front of Apple earlier this week when it announced very successful financial results for the last quarter. As a result, shares of Alphabet ($GOOGL) rose by eight percent to $800 a piece and the market value of the entire holding increased to more than $540 billion.
So far, however, Alphabet has remained at the top for only two days. Yesterday's situation after the close of trading on the stock exchange was as follows: the value of Alphabet was less than 500 billion dollars, while Apple easily exceeded 530 billion.
The shares of both companies, also due to the announcement of financial results (in both cases relatively successful), have been fluctuating by percentage units up and down in the last hours and days. They are currently around 540 billion for Apple and 500 billion for Alphabet.
Although Apple has shown after a massive attack by its competitor that it does not want to give up its long-held primacy so easily, the question is how investors on Wall Street will behave in the coming months. While Alphabet's shares are up 46 percent year-to-date, Apple's are down 20 percent. But we can definitely expect that it will not remain in the ranking of the most valuable companies in the world on the only current exchange.
For the end user, these numbers have no meaning at all, but I certainly do not want to attack the content of the article, which is nicely written, thank you. ?
I agree :-)