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Google parent Alphabet reclaims spot in $2 trillion valuation club

Published 04/26/2024, 09:36 AM
Updated 04/26/2024, 09:47 AM
© Reuters. FILE PHOTO: Alphabet logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Alphabet (NASDAQ:GOOGL) 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.

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