Google-owner Alphabet passes Apple once again to become the most valuable company in the world


Sundar Pichai Google

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Google CEO Sundar Pichai

Alphabet, Google's parent company, is once again the most valuable company in the world, overtaking Apple.


Apple's market capitalization is down to $493 billion, while Alphabet's current market cap is $498 billion, both via Yahoo Finance.

Apple's stock was down Thursday morning on reports of a drop in iPhone chip shipments.

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Alphabet had already surpassed Apple briefly earlier this year.


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