GOOGL - Google: Market Cap Crosses $2 Trillion And Still A Buy
2024-04-30 03:22:57 ET
Summary
- Google's stock price jumped over 10% and surpassed a $2 trillion valuation mark after reporting strong first-quarter results.
- GOOG's advertising business showed robust growth, with total sales rising 15% YoY and ad sales increasing 13% YoY.
- The introduction of a dividend and a $70 billion share repurchase plan were well-received by investors.
Alphabet Inc. ( GOOG ) reported first quarter results on Thursday last week, which caused a big jump in Google's stock price amid robust momentum in the marketing business. Marketing strength in Google's core business, advertising, was a major catalyst for growth in the first quarter....
Google: Market Cap Crosses $2 Trillion And Still A Buy