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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
ME News report: On May 1 (UTC+8), Thursday, Google’s parent company Alphabet rose 10%. Its share price reached $384.80, and its market value surged by $421 billion in a single day, setting the second-highest record for single-day market value growth in history. The previous record holder was Nvidia—about a year ago, its market value jumped by roughly $440 billion in one day after Trump announced a pause on additional tariffs. By the close on Thursday, Alphabet’s stock price has risen 23% this year, adding more than $860 billion to its market value and bringing its total market capitalization to $4.65 trillion. This is bringing Alphabet ever closer to surpassing Nvidia as the world’s largest company, whose market cap is $4.85 trillion. (Jin10) (Source: BlockBeats)