Shares of Amazon rose 4% to nearly $194 on Wednesday, surpassing a market cap of $2 trillion for the first time. Bank of America reiterated a buy rating on Amazon stock and projected that the retailer will deliver more than 9 billion packages globally in 2024, potentially surpassing UPS as the largest shipper in the … Read more
Protesters disrupted an Amazon.com Inc. conference demanding the termination of a $1.2 billion contract with the Israeli government, which is shared with Alphabet Inc. subsidiary Google. The protest occurred during a conference organized by Amazon’s cloud division, Amazon Web Services, in Washington. Protesters accused Amazon of complicity in the Israeli government’s actions in Gaza, where … Read more
Google’s parent company, Alphabet Inc., has seen a strong performance in its stock (NASDAQ: GOOG), with shares gaining 26% year-to-date compared to the S&P 500 Index’s 15% increase. In particular, the company’s subsidiary Metaplatforms (NASDAQ: META) has shown a 40% increase in its stock value. At the current price of $178 per share, GOOG is … Read more
Alphabet’s shares have seen a 40% increase in the past year, reaching near all-time highs. The company has shown strong growth in its advertising and cloud businesses, announced a new $70 billion share buyback plan, and approved its first dividend. Despite lagging behind Nvidia in the AI market, Alphabet’s recent developments have alleviated investor concerns. … Read more
In the ever-evolving landscape of the world’s most valuable companies, there has been a significant shift towards technology giants in recent years. Companies like Microsoft, Apple, and NVIDIA are at the forefront, with market capitalizations exceeding trillions of dollars. A newcomer to this elite group is Broadcom, a semiconductor specialist that has positioned itself as … Read more
The business landscape has seen a significant shift in the past few decades, with technology companies now dominating the list of the world’s most valuable companies. From industrial and oil giants, companies like Microsoft and Apple have risen to the top, competing for the title of the most valuable company in the world. Companies like … Read more
Alphabet’s stock has seen a 25.5% increase in value this year, outpacing industry growth due to strong performance in its services segment driven by Search, YouTube, Android, Pixel, and web apps. Revenue from Google’s services business increased by 13.6% in the first quarter of 2024 to $70.4 billion, making up 87.4% of total revenue. Google … Read more
Alphabet’s stock is performing well this year, with shares up 26.7% compared to the Computer and Technology sector’s growth of 10.3%. Google’s strong services segment, driven by search, YouTube, Pixel, and Android, is a key factor in this growth. The company has been focusing on enhancing its Android features, as seen in the latest redesign … Read more
Alphabet Inc., the parent company of Google, has shown incredible growth potential that could see it reach a valuation of $3 trillion in the near future. With a diverse range of businesses under its umbrella, including Google Search, YouTube, and Waymo, Alphabet has a unique advantage in various industries such as technology, advertising, and autonomous … Read more
Alphabet is on the verge of joining an elite group that includes Microsoft, NVIDIA, and Apple, all with a market value exceeding $3 trillion. As of currently, Alphabet’s value is around $2.177 trillion. The stock price is at $176.73 with around 12.4 billion outstanding shares trading at around $181 each. The company is expected to … Read more