This week Alphabet, the parent company of Google, has become the most valuable company on the planet, managing to overtake Apple thanks to surprisingly good financial results, but its victory was short-lived.
We are talking here about the value of the stock market capitalization of the two companies, Apple having overnight a stock market capitalization of 534 billion dollars, while Google dropped from 540 billion dollars to 499 billion dollars in just two days.
Practically, the excitement of the analysts who bought Google shares after the announcement of the financial results was short-lived, as investors returned to selling shares just two days after the conference organized by the Google company.
It was expected that the victory of those from Google would not last long because we are talking about a stock market that fluctuates constantly and together with it the stock market capitalizations of all companies listed on the American stock market fluctuate.
Having said that, Apple has regained its title, and Alphabet will probably overtake it again in the future.
