Google parent Alphabet reclaims spot in $2 trillion valuation club


FILE PHOTO: Alphabet logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Alphabet breached the $2 trillion market value mark for the first time since November 2021 on Friday, as investors cheered the Google parent announcing its first-ever dividend and a $70 billion stock buyback.

The stock was last trading up 11.7% at $173.55, after hitting a record high moments after the market opened.

(Reporting by Medha Singh in Bengaluru; Editing by Pooja Desai)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Third of children who use AI chatbots consider tech to be a ‘friend’
SpaceX's Starlink gets nod for satellite internet in Vietnam
Nvidia CEO Huang won't attend India AI summit next week, company says
AI film school trains next generation of Hollywood moviemakers
Meta, TikTok and others agree to teen safety ratings
Super Bowl spots spark fight over whether we're ready for ads from our chatbots
New warning for Apple iPhone users: Don’t make this call from your phone
Opinion: Apple finally released updated AirTags
US used Anthropic's Claude during the Venezuela raid, WSJ reports
Musk's AI chatbot Grok gains US market share amid sexualized images backlash, data shows

Others Also Read