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Google surpasses $2T market cap
Google parent Alphabet stock is up more than 23% so far this year, and more than 59% over the last 12 months
Google’s latest milestone comes following the release of its quarterly results Thursday, which beat analysts’ expectations. “Our results in the first quarter reflect strong performance from search, YouTube, and cloud,” CEO Sundar Pichai said in a statement Thursday. Another factor boosting Alphabet stock: its announcement of a first-ever cash dividend of 20 cents per share, to be paid to investors this summer.
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