Alphabet officially vaulted Apple to become the most valuable company in the U.S. in Tuesday trading , rousting the iPhone maker from the perch it held for more than four years.
Alphabet shares (GOOGL) jumped 6% after Google’s parent reported estimate-topping fourth-quarter results after Monday’s close. Its combined share classes were then worth $554 billion, surpassing Apple (AAPL), which had a value of about $534 billion and whose shares were down slightly after hours.
“Google is in the pole