With a remarkable year-long run driven by the Google parent company’s increased emphasis on artificial intelligence capabilities, Alphabet was on track to reach a milestone $4 trillion market capitalization on Tuesday.
In premarket trading, the company’s shares were up 4.1% at $331.7, positioning the business to surpass the significant milestone at the open.
As AI continues to enthrall Wall Street this year, the search and ad tech behemoth joins a select group of Big Tech firms vying for control of the rapidly developing technology.
