** Google-parent Alphabet (GOOGL.O) shares jump 11% to $173.40 premarket
** If gains hold, GOOGL set to top $2 trln market cap
** Announces first-ever dividend of 20 cents/shr, $70-bln stock buyback
** Posts Q1 sales, profit and advertising above estimates
** Co, Microsoft (MSFT.O) show investors heavy AI investment can pay off with rising revenue, allaying concerns sparked by Meta’s (META.O) signals on Thu that costly AI bet could take years to fructify
** “Google has faced near-constant critique around the inevitable AI-led disruption to search… Google needed to be perfect, or face a repeat of being penalized for micro-misses. It was perfect. Breathe,” - Bernstein
** Megacap peers Amazon.com (AMZN.O) , Nvidia (NVDA.O) , Meta and Tesla (TSLA.O) up 1%-3%, Microsoft up 3.8% after Q3 results beat
** Out of 53 brokerages tracking GOOGL, 14 rate “strong buy”, 29 “buy” and 10 “hold”; median PT $175
** As of last close, GOOGL shares up ~12% YTD vs 5.8% and 4% gain in S&amp;P 500 (.SPX) and Nasdaq (.IXIC) , respectively
Big tech
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Google-parent Alphabet (GOOGL) shares jumped 11% premarket after announcing its first-ever dividend and beating Q1 results estimates. The company's heavy investment in AI has paid off with rising revenue, allaying concerns. Other tech giants like Microsoft, Amazon, Nvidia, Meta, and Tesla also saw gains. GOOGL shares are up 12% YTD.

BUZZ-Alphabet spikes on first-ever dividend, Q1 results beat