On Thursday, the 16th of January 2020, Mountain View, CA-based American multinational conglomerate, Google-parent Alphabet Inc., had joined the trillion-dollar club for the first time on record, being the fourth S&P component to join the league of legends of trillion-dollar iPhone maker Apple Inc., e-commerce giant Amazon.com Inc.
and Azure cloud-computing developer Microsoft Corp. In point of fact, alongside tech-stocks and chipmakers heavily exposed to China trading, both Amazon rose aggressively over the recent past on optimisms of a “Phase One” US-China trade deal, while as Washington and Beijing had signed off the trade agreement on Wednesday (January 15th) which yielded a momentary ceasefire between the trade-war struck nations, S&P 500 blasted through 3,300 level for the first time and Alphabet Inc.
wrapped up the day 0.76 per cent to $1450.16 per share. Meanwhile, latest landmark achievement for Alphabet Inc., owner of the world’s No .1 internet service provider Google LLC., one of the key components of so-called FAANG stocks (Facebook, Amazon, Apple, Netflix and Google), came forth roughly one month a half after the Google co-founder Larry Page and Sergey Brin had handed over Alphabet Inc.
to then-Google LLC. Chief Executive Sundar Pichai, who Page claimed shared a common vision with him alongside Brin to push the American multinational conglomerate forward.