Alphabet has reached a market capitalization of $3 trillion for the first time. What does the company earn the most from?

Google’s parent company, Alphabet Inc. has reached a market capitalization of $3 trillion for the first time, becoming the third American corporation to reach this mark after Apple and Microsoft, Reuters reports.

Alphabet’s Class A shares rose 3.8% to $250, and Class C shares rose 3.7% to $250.4. Both figures were record highs.

Since the beginning of the year, the company’s shares have gained more than 32%, making Alphabet the leader among the Big Seven tech giants and outperforming the S&P 500 index (12.5%).

The main drivers of growth were artificial intelligence and a US court ruling that allowed Alphabet to retain control of the Chrome browser and Android operating system. This allayed investors’ fears, as both products are key to the company’s ecosystem.

In addition to the advertising business, Alphabet is also increasing its profits in cloud services: in the second quarter, Google Cloud’s revenue grew by almost 32%, exceeding forecasts, thanks to investments in its own chips and the development of the Gemini artificial intelligence model.

The communications services sector has grown by more than 26% since the beginning of the year, becoming the most successful among the 11 key sectors of the S&P 500.

Other tech giants have also reached record highs in the wake of the AI boom: Nvidia remains the most valuable company in the world with a capitalization of $4.25 trillion. Investor optimism is fueled by expectations that the US Federal Reserve will cut interest rates this week.

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