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

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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.

 

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