Alphabet, $GOOGL, officially closed above $2 trillion in market cap for the first time ever on Friday.
The stock added nearly $200 BILLION of market cap in one day after beating earnings expectations.
Alphabet stock is now up 23% year to date, or FIVE TIMES the increase in the Nasdaq 100 index.
The main driver of the surge in $GOOGL?
A $0.20 dividend declaration and a $70 billion share buyback announcement.
As tech giants begin issuing dividends and share buybacks, it almost feels like they are maturing.
Tech stocks that were small a decade ago are now blue chips.
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