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| 14dGoogle parent Alphabet soars past $2 trillion market cap on AI strength
Alphabet Inc., the parent company of Google, surpassed a market capitalization of $2 trillion for the first time. A strong earnings report, highlighting the company's presence in artificial intelligence and its cloud computing unit, contributed to the stock's 10% surge. This added nearly $200 billion to Alphabet's market value. The achievement puts Alphabet in the company of Apple, Microsoft, Saudi Aramco, and Nvidia, as the only companies to exceed the $2 trillion threshold. Despite previous criticisms, Wall Street remains bullish on Alphabet's future growth potential.
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