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Larry Page

Alphabet is poised to be world's most valuable company

Alphabet is poised to be world's most valuable company

Google got a new name and now is on the brink of a new title: The tech titan looks set to be crowned the most valuable company in the world, toppling fellow Silicon Valley heavyweight Apple Inc.

The Mountain View, Calif., Internet giant on Monday reported earnings for the first time under the banner of its new corporate parent, Alphabet Inc. Its better-than-expected earnings sent the company's stock up more than 8%, to $813, in after-hours trading immediately after the release of its fourth-quarter and full-year results.

At that price, Alphabet's market capitalization would be roughly $559 billion, topping that of Apple, which closed the day with a market cap of $534.7...

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