As Alphabet becomes the latest firm to achieve a 13-figure market cap, analysts still forecast years of growth ahead$1tn is just the start: why tech giants could double their market valuations$1tn is just the start: why tech giants could double their market valuationsAlphabet, the tech giant formerly known as Google, on Thursday night became the fourth company in history to reach a trillion-dollar (£776bn) valuation. The consensus among Wall Street bankers is nothing can stop the runaway share price rises of Alphabet or the other so-called “Faang” tech companies. The five largest companies – Apple, Microsoft, Alphabet, Amazon and Facebook – now make up 19% of the S&P 500 index of America’s biggest companies. Photograph: Jeff Chiu/APDan Morgan, a senior portfolio manager who focuses on tech companies at Synovus Trust, said Alphabet, led by Sundar Pichai, had “really been a cash cow”. “As Alphabet joins Apple, Microsoft and (from time to time) Amazon among tech companies that have reached this level, it marks just the start for the company,” he said.

Source: The Guardian January 18, 2020 15:56 UTC