In the days leading up to Google’s I/O event last week, their stock shares tipped over $900 for the first time in history. This extremely high stock price raised the technology giant’s market value to a $300 billion, yes billion, threshold.
Google is among one of the richest companies in the United States so it’s no surprise that we may soon see a $1,000 stock price. The skyrocket of shares came from Google’s annual developer conference along with the new paid subscription music-streaming service.
Google is a part of the NASDAQ group, with others such as Blizzard, Adobe, Microsoft, Apple and about 96 other technology companies. By crossing over the $900 level, Google has now gathered a 28.5% increase in 2013, compared to the NASDAQ’s advance of only 14.94%.
A plus for Google is that their close rival, Apple, is down almost 19% this year, while Google+’s competitor, Facebook, has risen just above 1%.
Google has done some amazing things for the technology market and has only more to offer. It’s as if whatever they touch turns to gold. Their views for the rest of this year and many more to come will surely push their shares to over $1000, not only making them happy but also many others who may have invested along the way.