Alphabet’s market value is heading to reach $4 trillion

Alphabet, the company that owns Google, is on track to reach a historic market value of four trillion dollars today, supported by a surprising increase in the company’s value over the year driven by its focus on artificial intelligence tools.
Alphabet shares rose 4.1 percent to $331.7 per share in pre-market trading, which puts the company on its way to exceeding this record at the open.
The search and advertising tech giant joins the elite club of Big Tech companies jockeying to dominate the burgeoning tech scene as artificial intelligence continues to capture Wall Street’s attention this year.