Alphabet, Google’s parent company, has overtaken Apple to become the most valuable company in the world.
In after-hours trading on Monday, Alphabet spiked over 8% at one point following a strong earnings report, making Google worth roughly $US558 billion. At that point, Apple’s market capitalisation stood at $US534 billion.
Alphabet later settled down and was trading up 5.27% in after-hours trading, giving it a market capitalisation of roughly $US544 billion, closer to Apple.
Of course, we’ll see if Alphabet will officially claim the lead tomorrow, when the US market opens.