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Google just passed Apple to become the most valuable company in the world

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.

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