GOOGL - Is It Too Late to Buy Stock in the Newest Member of the $2 Trillion Club?
2024-05-19 13:17:00 ET
There are only seven companies in the world with a market capitalization of at least $1 trillion. Among these businesses, only Microsoft , Apple , Nvidia , and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) have reached an even more exclusive club.
No, I'm not talking about gaining access to the " Magnificent Seven " -- although each of those companies is in that club, too. All four of these tech giants have a market cap of at least $2 trillion, and Alphabet is the newest member to reach that milestone.
Following an encouraging first-quarter earnings report, Alphabet's shares have soared as high as 9%. Is it too late for growth investors to scoop up shares in Alphabet since eclipsing a $2 trillion valuation?
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Is It Too Late to Buy Stock in the Newest Member of the $2 Trillion Club?