Alphabet tops $1,000 for the first time
AP
The internet giant just hit new highs.
Class A shares of Alphabet, the parent company of Google, broke $1,000 in early trading Monday.
Alphabet has gained about 25% so far this year. The S&P 500 is up around 7.8% in the same time.
This is the first time Alphabet has hit this price in the almost 13 years since it went public, and the new high comes only a couple weeks after the company’s big developer conference, Google I/O.
Google has announced a major shift to focus on artificial intelligence, as it fights companies like Amazon and Apple for dominance in the next big internet trend. The artificial-intelligence-powered Google Assistant is now available on smartphones via an app.
Last week, Amazon broke the $1,000 milestone for the first time. That stock is up around 32% this year.
Click here to watch Alphabet’s price live…
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