Alphabet, Google's parent company, achieved a $2 trillion valuation after announcing its first-ever dividend, sending shares up by over 12% to a record high. Alongside the dividend, Alphabet unveiled a $70 billion share buyback plan. This financial update coincided with Microsoft reporting record profits, driven by robust demand for its AI technology, leading to a more than 5% increase in its stock price. Despite broader tech sector volatility and concerns over Google's AI competitiveness, both companies demonstrated strong financial performance. Alphabet plans to pay a quarterly dividend of 20 cents per share, totaling over $2.5 billion in payouts. Meanwhile, Microsoft's revenues surged by 17% to $61.9 billion, with profits rising 20% to $21.9 billion, affirming its significant stake in the thriving AI market.
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