Alphabet Inc. shares jumped 10% to $384.80, adding about $421 billion in market value in a single day, the second-largest one-day gain ever recorded. The rally followed stronger-than-expected quarterly results driven by demand for cloud and artificial intelligence services, reinforcing investor confidence in its AI spending strategy. The company’s market capitalization rose to $4.65 trillion, putting it close to overtaking Nvidia Corporation as the world’s largest firm. The broader megacap tech

2026-05-01

Alphabet Inc. shares jumped 10% to $384.80, adding about $421 billion in market value in a single day, the second-largest one-day gain ever recorded. The rally followed stronger-than-expected quarterly results driven by demand for cloud and artificial intelligence services, reinforcing investor confidence in its AI spending strategy. The company’s market capitalization rose to $4.65 trillion, putting it close to overtaking Nvidia Corporation as the world’s largest firm. The broader megacap tech earnings cycle showed mixed reactions, with Microsoft and Meta declining while Amazon posted modest gains.