Google parent Alphabet reclaims spot in $2 trillion valuation club
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FILE PHOTO: Alphabet logo is seen near computer motherboard in this illustration taken January 8, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) - Alphabet 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.
(Reporting by Medha Singh in Bengaluru; Editing by Pooja Desai)
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