According to the sources, Alphabet surged about 8% to a record high, adding an estimated $340 billion to $420 billion in one day and moving to within roughly 6% of Nvidia.
Alphabet, the parent company of Google, surged about 8% during the trading day to a record high share price, according to the sources. One report said the move added about $340 billion in market capitalization in a single session, while another estimated the gain at roughly $420 billion and said Alphabet was about 6% away from surpassing Nvidia as the world’s most valuable public company. The newer report also described the rally as being on pace for the largest one-day market value increase on record. No catalyst for the move was provided in either source.