While Apple has been getting the attention in the blogosphere lately, Google has been quietly ratcheting into new territory. The search giant Thursday rose $7.29 to $541.63, a new all-time closing high.
For the year, the stock is up 17.6%. Google’s market cap is just under $169 billion; it now ranks among the 25 largest companies traded in the U.S. on that measure. It is just a few billion behind Cisco, at $172 billion, and a hair behind Berkshire Hathaway at $171 billion; the company has blown past IBM at $161 billion.
The only tech and telecom companies with higher market caps: Microsoft at $287 billion, at $256 billion, China Mobile, $223 billion, and Vodafone, $202 billion.
Oh, and speaking of new highs: Apple hit one Thursday as well, up $5.58, to $132.75, boosting its market cap to nearly $115 billion.
Source: internet.seekingalpha.com
For the year, the stock is up 17.6%. Google’s market cap is just under $169 billion; it now ranks among the 25 largest companies traded in the U.S. on that measure. It is just a few billion behind Cisco, at $172 billion, and a hair behind Berkshire Hathaway at $171 billion; the company has blown past IBM at $161 billion.
The only tech and telecom companies with higher market caps: Microsoft at $287 billion, at $256 billion, China Mobile, $223 billion, and Vodafone, $202 billion.
Oh, and speaking of new highs: Apple hit one Thursday as well, up $5.58, to $132.75, boosting its market cap to nearly $115 billion.
Source: internet.seekingalpha.com