Google Executive Chairman Eric Schmidt recently made headlines for getting his Gangnam on with Psy in South Korea. But it's his 14-year-old company that's busting some real moves.
While shares of rival Facebook continue to struggle, Google's stock has taken off this quarter, up about 30%. Analysts say investors are shrugging off concerns about a decline in how much advertisers are paying every time users click on their ads, and the impact on margins of the $12.5-billion Motorola Mobility acquisition.
Google is even closing in on longtime nemesis Microsoft. In fact, it's inching closer to supplanting the software behemoth as the third-largest U.S. company by market value.
"Google is no longer the kid brother," BGC Partners analyst Colin Gillis said. "They both do search, applications, operating systems. They are more like twins."