Western people, if they are jealous, they will try to improve themselves, not like eastern people if they are jealous.
Google's Alphabet Inc will join its rivals, Apple Inc and Microsoft Corp. as a company with a market value of US $ 2 trillion or about RM8.36 trillion when its shares jumped more than 8% in its quarterly report.
Alphabet shares, which traded at $ 2,960, were on track to post the biggest daily percentage gain in almost 2 years while easing concerns about owning ‘Big Tech’ shares following sector -wide sales over the past few weeks.
The market value of Alphabet shares peaked above $ 2 trillion at the start of the trading session before ending at $ 1.97 trillion.
According to Russ Mold, investment director of AJ Bell, the tech sector started 2022 poorly, yet the U.S. tech giant continues to post substantial revenue in line with market expectations.
At least 20 brokers raised price targets for Alphabet shares after the company reported record quarterly sales that exceeded expectations.
The median price target is now at $ 3,460, which is 16% above its current price.
Meanwhile, Alphabet also announced a ‘20-to-one ’share split which will give shareholders 19 shares for every share held.
Apple and Tesla once split their shares in 2000 to make its shares more attractive.
