Google parent to overtake Apple as world's most valuable company
Alphabet shares jumped more than 9%, putting it on track to surpass Apple's market capitalisation
Google parent Alphabet is poised to become the world’s most valuable company, taking the crown away from Silicon Valley rival Apple after reporting higher profit and sales fuelled by a booming advertising business that’s supporting ambitious new projects.
Alphabet’s shares jumped as much as 9.4 per cent in extended trading, putting it on track to surpass Apple’s market capitalisation of $534.7 billion (€492.3 billion). The web company has been inching closer to the ...