Alphabet crossed a $2 trillion market capitalization for the first time after its April 2024 earnings report.
Shares of Alphabet rose sharply on April 26, 2024, after the parent company of Google reported strong quarterly results and announced its first dividend. Investors also welcomed a large share-buyback authorization. Those developments pushed Alphabet’s market value above $2 trillion during trading.
Alphabet’s valuation is largely connected to Google’s search and advertising business, but the company also operates YouTube, Google Cloud, and several technology ventures. The milestone is sometimes misreported as belonging to Google, but Alphabet is the publicly traded parent company created in 2015. Google remains its best-known subsidiary and brand.