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Google becomes No. 2 most valuable tech company

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In May 2010, Apple attained a ranking long thought unthinkable — the world’s most valuable technology company, a position it achieved by dethroning longtime rival Microsoft.

Apple still sits atop the throne. But in the meantime another company has come along to kick Microsoft down a peg: Google, which capped off a summer surge in its stock price by overtaking Microsoft today in market capitalization. In the technology sector, only Apple has a bigger market value.

Google closed the day at $761.98, up 0.99 percent. Microsoft closed at $29.51, down 0.82 percent. And just like that, Google’s market capitalization of $248.89 billion overtook Microsoft’s value of 247.27 billion.

The day capped off a strong run for Google’s stock, which surged more than 30 percent this summer amid improved earnings and a bullish Citi report that set a new price target for the company at $850, up from $740.

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8 responses to “Google becomes No. 2 most valuable tech company”

  1. Patience2 Avatar
    Patience2

    And just WHEN will they get ‘Google Maps’ back on the iPhone 5 (in some form or the other)??

    1. 5thDrawer Avatar
      5thDrawer

      Apple has a long way to go to catch Google on that one. Google has been driving cameras around for years. 🙂
      But Google, in the sense of ‘tech’ as I see it, has none … where Apple does. Google is only information-gathering. With someone else’s tech.

      1. Patience2 Avatar
        Patience2

         What you say is exactly right, but, Google maps IS the one that works.

    2. 5thDrawer Avatar
      5thDrawer

      Apple has a long way to go to catch Google on that one. Google has been driving cameras around for years. 🙂
      But Google, in the sense of ‘tech’ as I see it, has none … where Apple does. Google is only information-gathering. With someone else’s tech.

      1. Patience2 Avatar
        Patience2

         What you say is exactly right, but, Google maps IS the one that works.

  2. Patience2 Avatar
    Patience2

    And just WHEN will they get ‘Google Maps’ back on the iPhone 5 (in some form or the other)??

    1. 5thDrawer Avatar
      5thDrawer

      Apple has a long way to go to catch Google on that one. Google has been driving cameras around for years. 🙂
      But Google, in the sense of ‘tech’ as I see it, has none … where Apple does. Google is only information-gathering. With someone else’s tech.

      1. Patience2 Avatar
        Patience2

         What you say is exactly right, but, Google maps IS the one that works.

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