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Alphabet shares reach record high, up 5.5%
Google’s parent company Alphabet saw its stock prices reach a record high of US$195.45 on Wednesday.
The 5.5% increase followed a broader surge in big tech stocks.
Alphabet’s share increase was driven by the company’s recent announcements in AI and quantum computing.
This uptick coincided with US President-elect Donald Trump’s appointment of Andrew Ferguson as the new leader of the Federal Trade Commission (FTC), succeeding Lina Khan, whose term as chair ended.
Recent Alphabet developments
| Timeline |
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11-Dec-2024 🔍 Alphabet boosts AI role in search operations
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31-Oct-2024 📈 Alphabet’s Q3 revenue surges 15%, boosted by AI, YouTube
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30-Oct-2024 💼 New Alphabet CFO pushes cost efficiency amid earnings growth
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30-Oct-2024 ☁️ Alphabet’s Q3 revenue surges 35%
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08-Dec-2023 🚀 Alphabet shares up 5.3% amid optimism for new AI model
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