Google's Parent Company Surges 10%, Single-Day Market Cap Soars by $421 billion, Setting the Second Highest Record in History

BlockBeats News, May 1st, Thursday, Google's parent company Alphabet closed up 10%, with the stock price reaching $384.80. The single-day market cap surged by $421 billion, setting the second highest record for single-day market cap growth in history.

The previous record holder was Nvidia, with its market cap skyrocketing by about $440 billion in a single day, when Trump announced a suspension of additional tariffs.

As of Thursday's close, Alphabet's stock price has risen by 23% this year, increasing its market cap by over $860 billion, bringing its total market cap to $4.65 trillion. This brings Alphabet closer to surpassing Nvidia to become the world's largest company, with the latter's market cap at $4.85 trillion. (Jinse)