Catherine Baab
Over the past six weeks alone, Alphabet stock has shot up almost 35%, adding about $1 trillion in market value and putting the Google parent on track to cross the $4 trillion threshold for the first time.
Google would be just the third company in U.S. stock market history to hit a $4 trillion market cap, one step behind Apple and AI chip powerhouse Nvidia. Nvidia hit a $5 trillion market cap last month before retreating. Nvidia's market cap was all the way back to less than $4.2 trillion on Tuesday morning.
Investors were already warming to Google stock after the disclosure earlier this month that Warren Buffett’s Berkshire Hathaway has quietly built a multibillion-dollar position in Alphabet during the third-quarter — its first-ever stake in the tech giant. For a famously value-seeking shop, that amounts to an endorsement. It signals that Alphabet’s AI strategy is more legit than hype, and that the stock valuation offers room for the sort of significant upside that Buffett’s team looks for.
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