Google Stock Soars 8%, Adding $340 Billion in Value in One Day as Cloud Business and AI Drive Record Growth
Alphabet's stock surged 8% to a record high, adding $340 billion in market value. First-quarter results smashed expectations with revenue hitting $109.9 billion. Google Cloud revenue soared past $20 billion, up over 60%. The company plans a massive increase in capital expenditure to fuel the "unprecedented" demand for AI technologies.
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