Google surpasses Microsoft to become world’s 3rd largest company by market cap

Google's parent company, Alphabet, surpassed Microsoft to claim the position of the world's third-largest company by market capitalization. This milestone followed a significant rally in Alphabet's stock, which was sparked by the disclosure last Friday that Warren Buffett's Berkshire Hathaway had acquired a $4.9 billion stake in the company. This rare major technology investment by Buffett is seen as a strong validation of Alphabet's strategy. The company continues to benefit from robust cash flow generated by its search engine and advertising business, enabling it to fund its ambitions in artificial intelligence, cloud, and data-center infrastructure, amidst intensifying competition among major tech firms.

(Source：Crypto Briefing)