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Google's parent company rises 10%, with a single-day market value surge of $421 billion, setting the second-largest record in history
BlockBeats News, May 1, Thursday: Google’s parent company, Alphabet, rose 10%. Its share price reached $384.80, with a single-day market value surge of $421 billion, setting the second-highest record for single-day market value growth in history.
The previous record holder was Nvidia, whose market value jumped by about $440 billion in a single day roughly a year ago, after Trump announced a pause on additional tariffs.
As of Thursday’s close, Alphabet’s stock price has risen 23% this year, adding more than $860 billion to its market capitalization, bringing its total market capitalization to $4.65 trillion. This brings Alphabet closer and closer to surpassing Nvidia as the world’s largest company, with Nvidia’s market cap at $4.85 trillion. (Jin10)