Alphabet’s rise to $4-trillion market cap cements status as AI trade winner

Alphabet Inc. broke above a $4 trillion market capitalisation on Monday, becoming one of the few companies to ever cross the threshold as investors increasingly see the Google parent as one of the biggest winners of the artificial intelligence boom.Shares closed up 1% at $331.86, translating to a market cap of just over $4 trillion. The company recently overtook Apple Inc. to become the second-largest firm, behind Nvidia Corp. Only Nvidia, Apple, and Microsoft Corp. have topped the $4 trillion barrier, and ...