Alphabet shares gain $107 billion in a single day

Alphabet shares rose 2.7% on Monday to their highest level in more than six months, adding $107 billion to its market value in a single day.

These gains come as investors await the company’s financial results announcement next Wednesday, amid positive expectations.

According to LSEG data, Google’s parent company is expected to generate $93.9 billion in revenue in the second quarter of this year, an 11% increase year-over-year.