Alphabet Inc., the parent company of Google, crossed a $2 trillion market cap on April 26, 2024, as its stock climbed 10.2%.

The company reported a 15% rise in first-quarter revenue to $80.539 billion and earnings of $1.89 per share, surpassing analyst estimates.

Revenue and earnings growth were propelled by strong performance in Search, YouTube, and Cloud services.

Alphabet announced its inaugural quarterly dividend alongside a $70 billion share repurchase plan.

Investments in AI, including the new Gemini 1.5 Pro AI model, resulted in a 57% increase in year-over-year net income to over $23 billion.

International operations saw a 16.4% rise in revenue to $67.59 billion for the quarter, with a forecasted 13.3% revenue increase for the current fiscal quarter year-over-year.

Analysts predict a total annual revenue of $294.33 billion for Alphabet, with international markets playing a key role in revenue generation.