Alphabet Leaps Into $2 Trillion Club as Results Show AI Strength [Yahoo! Finance]
Microsoft Corporation (MSFT)
Last microsoft corporation earnings: 4/29 04:06 pm
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Source: Yahoo! Finance
Most Read from Bloomberg Javier Milei Fuels Wild Rally That Makes Peso No. 1 in World Plunging Home Prices, Fleeing Companies: Austin's Glow Is Fading Huawei's New Phone Runs Latest Version of Made-in-China Chip Fed's Preferred Core Inflation Gauge Rose at Brisk Pace in March US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes The stock rose 9.7% to $171.14, resulting in a valuation of $2.14 trillion. The advance added almost $187 billion to the company's market capitalization, making for one of the largest single-day value adds in stock market history. Shares have risen 23% this year, compared with the 5.5% gain of the Nasdaq 100 Index. The $2 trillion milestone followed the company's results, where revenue beat expectations on the strength of its cloud-computing unit. Cloud demand was fueled by growth in AI, while Alphabet also cheered investors by introducing a dividend and announcing a $70 billion buyback program. Read more: Microsoft, Google Gain Aft
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- 4/25/24 - Beat
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Sec Filings
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