Alphabet’s stock has risen about 70% this year, bringing the company’s market capitalization to nearly $2 trillion. It’s by far the best year for any of the Big Tech firms, and it’s Alphabet’s biggest yearly return since 2009. Throughout the Covid-19 pandemic, consumers have completely relied on Google’s digital products and services.
Alphabet is on the cusp of having its best year in terms of investment performance since 2009, and it has already proven to be the best-performing Big Tech stock in 2021.
Alphabet’s stock has risen 68 percent this year, closing at $2938.33 on Thursday. With only five trading days left in 2021, any of its major competitors will be unable to catch up.
Microsoft is the closest competitor, with 51 %. Apple has increased its share price by 33%, followed by Facebook (now Meta) at 23% and Amazon at 5%. You may even include Tesla, which has increased by 51% this year. The Nasdaq 100, a collection of the Nasdaq’s largest non-financial companies, is in the middle, up 27%.
Alphabet has shown durability during the Covid epidemic and resistance to the new bout of inflationary fears, with the vast majority of its revenue coming from Google’s advertising division. Customers have gravitated to web and mobile search, maps, and YouTube videos in unprecedented numbers, and Google’s booming public cloud unit has benefited from the surge in remote work.
While other ad-based internet companies such as Facebook and Snap have been harmed by Apple’s iOS privacy reforms, Google has fared better, thanks to its control over the Android operating system and lack of reliance on Apple.