Alphabet Inc Surpasses $2 Trillion Mark: AI-Driven Surge and Investor Delight
Alphabet Inc, Google's parent company, achieved a historic milestone with its market capitalization surpassing $2 trillion fueled by a 10% surge in stock value. The jump, marking its largest one-day increase since 2015, added nearly $200 billion to its value, driven by robust earnings propelled by AI capabilities. Cloud services, powered by AI, played a key role. Strategic moves like introducing a dividend and a $70 billion buyback program pleased investors. Analysts remain bullish, citing strong management and substantial R&D. The journey reflects Alphabet's resilience and innovation in AI and cloud tech despite challenges, shaping its dominance in the market.
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