From Nasdaq: 2024-05-01 11:15:00

Six U.S. tech companies valued at $1 trillion or more; Microsoft, Apple, Nvidia, Alphabet. Alphabet joins $2 trillion club after Q1 2024 results. Strong revenue growth, AI progress leads market cap to cross $2 trillion mark. Gemini era brings AI overviews to Google Search for enhanced user experience and growth potential. Google Cloud generates $9.5 billion in Q1 revenue with strong AI performance. Alphabet’s focus on AI, cost management, board-approved $70 billion stock buyback, dividend payment offer attractive investment opportunity.

Investors have chance to buy Alphabet at appealing valuation despite trading at all-time high. Q1 earnings per share rise 61%. Stock price trades at lower P/E ratio compared to tech sector peers. Board authorizes $70 billion stock buyback, announces dividend payment. Potential for significant returns due to AI growth. Motley Fool identifies 10 top stocks for investors, Alphabet not included. Stock Advisor service offers expert guidance for building a successful portfolio.



Read more at Nasdaq: Meet the Unstoppable Stock That Just Joined Nvidia, Microsoft, and Apple in the $2 Trillion Club