News Formal

Alphabet inches closer to $2 trln market value after blowout results

  • 📰 Reuters
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

Google-parent Alphabet Inc inched closer to joining peers Apple and Microsoft in the elite $2 trillion market valuation club as the search giant's shares surged 10% on Thursday after another blowout quarter.

in the elite $2 trillion market valuation club as the search giant's shares surged 10% on Thursday after another blowout quarter.

"The technology sector started 2022 with some of the biggest question marks over it since the dotcom crash more than two decades ago," said Russ Mould, investment director at AJ Bell."However, the largest and highest quality U.S. tech names continue to deliver the answers the market wants with big earnings beats."

Alphabet also announced a 20-to-1 stock split, which will give shareholders 19 shares for every share they hold, bringing its price down to about $138 based on Tuesday's close.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Alphabet, AT&T, Tesla, Moderna: What to Watch When the Stock Market Opens TodaySony’s U.S.-listed shares rose premarket after the company’s videogame unit said it was buying Bungie; Cabot rose after lifting guidance.
Source: WSJ - 🏆 98. / 63 Read more »