Alphabet beat expectations with revenue of $17.3 billion and $8.67 earnings per share. Investors were looking for $16.9 billion. The after hours spike in stock price is currently over 39.50 (5.25%). That places Alphabet’s total market cap at over $550 billion, while Apple languishes at a mere $538 billion. These numbers jump around a lot, so it’s possible Apple will be back on top in the morning. This has happened briefly once before back in 2009, but Apple has been solidly ahead ever since.