Google-parent Alphabet reported Q4 earnings and revenue that topped estimates and announced a 20-for-1 stock split, sending Google stock up. Read More...
Reuters
Nasdaq set to jump on Alphabet, AMD results boost
The Nasdaq was set to open higher on Wednesday, extending a rebound after a turbulent start to the year, as Google-parent Alphabet and chipmaker Advanced Micro Devices’ shares surged following strong quarterly results. Alphabet Inc rose about 10% in premarket trading after reporting record quarterly sales on Tuesday, and said it plans to undertake a 20-to-one stock split. The stock split should make it more appealing to retail investors, said Neil Wilson, chief market analyst for Markets.com, adding that Alphabet earnings will underpin a return in confidence in beaten down technology names.
