Google Shares Hit All-Time High, Near $2 Trillion

<p>Shares in Alphabet &&num;8212&semi; the parent company of Google &&num;8212&semi; hit an all-time high Wednesday after a strong earnings report&period; Shares in Alphabet Class C shares &lpar;GOOG&rpar; were up &dollar;135&period;11 to close at &dollar;2&comma;928&period;55&period;<&sol;p>&NewLine;<p>The market capitalization of Alphabet is now &dollar;1&period;96 trillion and could break the magical &dollar;2 trillion mark on Thursday&period;<&sol;p>&NewLine;<p>Only Apple and Microsoft have a bigger market cap than Alphabet with Apple at &dollar;2&period;46 trillion and Microsoft close behind at &dollar;2&period;42 billion&period;<&sol;p>&NewLine;<p>Alphabet stock is up an impressive 69&percnt; this year&period; The company reported third-quarter revenues of &dollar;65&period;1 billion&comma; up 41&percnt; from a year ago&period; Net income was &dollar;18&period;9 billion&period;<&sol;p>&NewLine;<p>Google search ads generated the lion share of revenue with &dollar;37&period;9 billion in the quarter&period; YouTube ads made up &dollar;7&period;2 billion in revenues and the Adsense network generated &dollar;7&period;99 billion in revenues&period;<&sol;p>&NewLine;<p>Google&&num;8217&semi;s Cloud division reported &dollar;4&period;9 billion in revenues but a loss of &dollar;644 million&period;<&sol;p>&NewLine;<p>Alphabet reported a total of &dollar;142 billion in cash and marketable securities at the end of the quarter&period;<&sol;p>&NewLine;