Google hits all-time high with $2-trillion valuation now in sight

- Alphabet, the parent company of Google, hit an all-time high in stock price, reaching nearly $160 per share - The total market value of Alphabet is close to reaching $2 trillion, a milestone achieved previously by Apple, Microsoft, Nvidia, and Saudi Aramco - The stock price surge is driven by record profits from advertising spending and optimism about future AI applications - Analysts expect Alphabet to surpass the $2 trillion mark, with a price target of $166 per share implying a $2.1 trillion market cap - Alphabet's share price has performed impressively, with an annualized return rate of 19% over the last decade - The company is set to report a record Q1 profit of nearly $19 billion - Alphabet's recovery in stock price is attributed to stable advertising spending and the company's emergence as a top player in generative AI applications