Alphabet is on pace to reach a historic $4 trillion market valuation, driven by a strong year-long rally and the company’s intensified commitment to artificial intelligence development.
In premarket trading on Tuesday, Alphabet shares climbed 4.1% to $331.70, positioning the company to surpass this major milestone at the market open.
With this surge, the Google parent joins a select group of Big Tech leaders competing for dominance in the fast-growing AI sector. The technology’s rapid progress has continued to attract strong interest from investors and analysts across Wall Street throughout the year.
