Sundar Pichai-led Alphabet, Google's parent company, has joined the elitist club of US companies with $1 trillion valuation which includes Apple, Microsoft and Amazon.
The stock of the company closed at $1,451.70 on Thursday, taking the value to $1 trillion.
The iPhone maker was the first US company to hit the $1 trillion threshold in 2018.
According to CNBC, analysts are bullish on the company's newly appointed CEO Pichai.
Alphabet founders Larry Page and Sergey Brin announced plans to step down in December last year, elevating Pichai as both Alphabet and Google CEO.
Page and Brin will continue their involvement as co-founders, shareholders and members of Alphabet's Board of Directors.
Pichai joined Google in 2004 and helped lead the development of Google Toolbar and then Google Chrome, which grew to become the world's most popular Internet browser.
Under his leadership as CEO, Google has been focused on developing products and services, powered by the latest advances in AI, that offer help in moments big and small.
The company announced that Pichai will receive $240 million in stock awards over the next three years if he hits all of his performance targets, as well as a $2 million annual salary beginning in 2020.
Alphabet said in a Securities Exchange Commission filing that Pichai will also start receiving a substantial raise from January 1 to $2 million a year.
The compensation package is being given in recognition of Pichai's "expanded role as CEO of Alphabet and Google".
How Adani Ports unlocked growth potential of India's seaports after acquisitions
India's largest private port operator, Adani Ports and Special Economic Zone Ltd (APSEZ), announced earlier this month that it handled a record 420 MMT (million metric tonne) cargo in FY24 (including international ports), setting a new milestone in its journey.
Sensex, Nifty witness worst week since March 15 amid Iran-Israel conflict
Intraday, the benchmarks declined nearly 1 per cent amid investor concerns that the West Asia turmoil might escalate to a war. During the day, the Nifty slipped as much as 0.99 per cent to 21,777.65, while the Sensex fell 0.93 per cent to 71,816.46 before bouncing back.
5-month-old grandson of Infosys' Narayana Murthy gets richer by Rs 4.2 crore
Ekagrah Rohan Murty, the five-month-old grandson of Infosys founder N. R. Narayana Murthy, is set to get richer by at least Rs 4.2 crore as the IT bellwether announced final and special dividends.
Sensex gains 42 points, but analysts predict market uncertainty ahead over tension in Middle East
The BSE Sensex is up 42 points and trading at 72,986 points on Thursday. However, tensions in the Middle East and a hawkish stance by the US Fed are likely to weigh on the stock markets, say analysts.
Google sacks 28 employees involved in protests over Israel govt contract
Tech giant Google has laid off 28 employees who were involved in sit-in protests at its offices over a Google contract with the Israeli government.
IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
Stepped-up allocations for agriculture, rural employment schemes such as MNREGA and special programmes for women self-help groups have helped to bolster rural demand and create a larger market for industrial products.
Adani Family further infuses Rs 8,339 crore in Ambuja Cements, increases stake to 70.3 per cent
The Adani Family on Wednesday said it has fully subscribed to the warrants programme in Ambuja Cements by further infusing Rs 8,339 crore, increasing its stake in the building material company to 70.3 per cent.
Indian economy resilient, fundamentals of stock exchanges very strong: NSE CEO
The fundamentals of stock exchanges are very strong and the ongoing geo-political situation in the Middle East is not going to have any significant impact on the Indian economy, National Stock Exchange (NSE) MD and CEO Ashish Kumar Chauhan said on Monday.