Google reached a market value of $2 trillion after announcing revenue above expectations and announcing that it would distribute dividends. It became the fourth US company to do so.
Alphabet, Google’s umbrella company, published its financial data for the first quarter of 2024 yesterday. In the data, it was announced that the company’s total revenue reached 80.54 billion dollars, and it was seen that both revenue and profitability increased.
In addition, the technology giant also gave good news to its investors. For the first time in its history, the company dividend will distribute announced. In addition 70 billion dollars He also stated that he would buy back shares. All of these caused Google shares to soar and enabled the company to break new ground in its history.
Google is now a $2 trillion company
Shares of Alphabet (GOOG) have been on the rise since yesterday. Its price went up to $181 in the last few days. At the time of writing this news 173.69 It is traded in dollars. Of course, this increase in these two days means that the market value also increased.
Google shares surpassed $2 trillion yesterday, enabling the company to break new ground. Market value according to current data $2.15 trillion. This puts it behind Microsoft ($3.0 trillion), Apple ($2.6 trillion) and NVIDIA ($2.1 trillion). fourth most valuable company doing. It also crossed the 2 trillion threshold, making it the fourth US company to do so.
In fact, it is not the first time it has reached 2 trillion. It touched this level in November 2021, but fell back below it very soon. What is a first is that it managed to exceed 2 trillion dollars. In addition, it would not be wrong to guess that the current value may be more permanent.
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It is not surprising that the value has increased so much. Positive developments such as the announcement of profit and income above expectations, dividend distribution and share buyback of $ 70 billion increased the stock. Also the company cloud and artificial intelligence The moves he made regarding this issue also had a positive impact on the market.