On Tuesday, stock busted past the $800 mark; making the Internet search giant the first tech company to achieve the milestone, and apparently signaling the Wall Street's approval of the company's rumored move into retail stores.

Closing at an all-time high of $806.85 on Tuesday, the Google stock has already witnessed a 14 percent increase since the beginning of 2013. The success witnessed by Google not only beats the government's attempts to curb the company's increasing dominance in the tech arena, but also erodes Apple's clout in mobile devices.

The record-high Tuesday closing for Google's stock comes at a time when there are rumors making rounds about the company planning to open retail stores for displaying its hardware products; a move which, as per the original report in the 9to5 blog network, could likely materialize towards the end of the year.

With Google's milestone rise over the $800 mark coming more than five years after the company's shares initially hit $700, Jacob Internet fund's Ryan Jacob said that though the fact that Google's stock closed at an over-$800 all-time high is not meaningful in itself, the powerful rally is definitely "reflective of the fact Google is still doing well."

Meanwhile, with some analysts projecting that Google's stock will surpass $900 within the next year, Standard & Poor's Capital IQ analyst Scott Kessler said: "Never underestimate the excitement that can be caused by a rising stock market and a rising security."