Only great mountaineers ever made it to the top of the highest mountains. We must give the tech giant’s credit; they made it to the top of the mountains. But it is obvious that not even the best mountaineers can reside on the mountain crests if they’d love to. The same is applicable in this race for one trillion dollars.
Since the second quarter of 2018, the rally for which Tech Company will hit the one trillion dollar mark first has gotten the attention of most investors and traders around the world. Eventually, Apple made a touchdown on the finish line when their stock price hit an all-time high of $208.74 per share on intra-day trading on the 2nd of August, 2018 (NASDAQ.)
Apple had the glory, cruising at the top alone, but they didn’t enjoy this lonely stay at the top for long. Amazon followed in the rally immediately after, hitting the trillion dollar mark just one month after Apple had done the unbelievable. Amazon.com briefly enjoyed the climax when they reached their all-time high of $2,050.27 per share during the midday trading on September 4th, 2018. Well, the esteemed retail company didn’t stay peaked for long, and they have not peaked again since then.
Hostile as the market can be, companies overtake companies in the race for market leadership. Microsoft did just that in this one trillion dollar race by taking on Alphabet and being the next company to reach the one trillion dollar mark after Amazon. After reporting an earning that beats investors’ expectation in the Q1 of 2019, Microsoft experienced a surge in stock price hitting an all-time high of $131.37 per share on Thursday, April 25th, 2019.
The eyes of every market watcher were on the four tech giants while the race to a trillion started, but, Alphabet hasn’t made it there yet.
Although Apple Inc. is the first U.S based company to reach the record valuation of one trillion dollars, PetroChina was the first company to be valued at one trillion dollars globally, as reported on the 5th of November, 2007 at the open of the market just after its IPO. Currently, the PetroChina is valued below 200 billion dollars according to the NYSE valuations and stock quotes, and this plummet after the taste of the trillion dollar stardom is not singular to PetroChina. Apple reported a value below one trillion dollars at the end of 2018 Q4, and this valuation remained below the mark even after the end of 2019 Q1. Amazon and Microsoft, on the other hand, stayed at the peak quite briefly, and they are all back on track. The race continues, market watchers are intrigued and hoping that Alphabet Inc. makes it to the finish line this time.