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Shares in Alphabet surged as much as 12% in after-hours trade. Revenue was $80.5bn for the three months to the end of March, compared with analysts’ estimates of $78.6bn (€73.25bn)
Google/Alphabet joined an elite club by closing above $2tn but others such as Meta and Intel have not convinced investors
While having cash in the bank is a good position to be in, stock market investors appreciate when companies invest any excess money for better opportunities or return it to shareholders
Many Irish pensions and other passive general investment schemes have the largest equity exposure to the Magnificent 7 stocks for no good reason
Meta shares rise by 14% in after-hours trade as it announces dividend