Alphabet achieved a record-breaking $421 billion increase in market capitalization on Thursday, fueled by robust cloud growth and excitement surrounding its AI advancements. This surge propelled its shares to an all-time high, bringing the tech giant closer in market value to Nvidia. The gain represents Alphabet’s largest single-day market cap increase ever.
Alphabet Soars to Record High, Closing the Gap on Nvidia After Blockbuster Earnings
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