Alphabet, Google’s umbrella company, yesterday published its financial data for the first quarter of 2024. In the data, it was announced that the company’s total revenue was $80.54 billion, and it was seen that both revenue and profitability increased.

In addition, the technology giant also brought good news to its investors. For the first time in its history, the company has dividend will divide announced. In addition 70 billion dollars He also stated that he would buy back shares. All this caused Google’s shares to soar and allowed 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. The price has risen to $181 in recent days. At the time of writing this news 173.69 Trading takes place in dollars. This increase in these two days obviously means that the market value has also increased.

Google shares surpassed $2 trillion yesterday, allowing 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 U.S. company to do so.

In fact, it’s not the first time it’s reached 2 trillion. It reached this level in November 2021, but soon fell below it again. What is a first is that it has managed to cross the $2 trillion mark. Moreover, it would not be wrong to assume that the current value may be more permanent.

It is not surprising that the value has increased so much. Positive developments such as the announcement of profit and revenues above expectations, dividend payments and share buybacks of $70 billion caused the share to rise. Also the company cloud and artificial intelligence The steps he took in this area also had a positive impact on the market.