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Alphabet Shares Jump Over 5% in Pre-Market, Nearing Apple’s Valuation

Alphabet Shares Jump Over 5% in Pre-Market, Nearing Apple’s Valuation

Alphabet set a new all-time high at $317.75, strengthening its position as AI-driven gains push its market cap toward Apple’s.

Summary

Alphabet Inc., Google’s parent company, reached a new all-time high of $317.75 on November 24 after rising 5.63%, according to market data. The surge comes as AI-related stocks continue to rally, boosting Alphabet’s market capitalization to $3.8 trillion—just 6% shy of Apple’s valuation.

Terms & Concepts
  • Pre-market trading: Stock trading that occurs before the official market opening, often influenced by news or earnings reports.
  • AI stocks: Shares of companies involved in artificial intelligence technology and services, often subject to volatile price movements.