Google is now the second most valuable technology company in the bag
Today Google surpassed Microsoft as the second most valuable technology company in the market, reaching USD $249,500 million in market capitalization, where each share of the firm rose 0.8% trading at U.S. $ 760.66 in the bag.
In contrast to Microsoft, the largest software company in the world, has a valuation of U.S. $247,800 million , where each share is trading at $ 29.57, it became the third most valued technology company in the world after Google and Apple (which reached the record of being the most valuable of the story a few weeks ago and remains the most valuable technology company in the world with U.S. $632,700 million ).
According to analysts, the rise of Google is a reflection of the rise of cloud computing, as consumers are beginning to prefer tablets over smartphones and personal computers. “The computer hardware business is staggering. The transition here is pretty straightforward in terms of where things have moved, which is clearly the cloud, the web, “said analyst Martin Pyykkonen .
Link: Google outgrows Microsoft to become the second-largest tech company in the world (PhoneArena.com)Tags: Apple, Bag, Bags, Google, market capitalization, Microsoft, NYSE, stock exchange, Stock Exchange in New York