Google stock jumped 17% on Friday after the company reported its second-quarter earnings, while shares of Apple and Facebook soared.
The tech giants both posted strong results and generated a lot of buzz, as investors looked for opportunities to boost their stocks.
Google’s shares rose 0.8% to $115.80, up 0.7% from a year ago and the largest one-day gain since March.
Facebook’s climbed 4.4% to a record high of $23.18.
Shares of Alphabet Inc. surged 11.5% to their highest level since September, as the search giant reported a net loss of $3.7 billion, bringing its total for the quarter to $50 billion.
The stock soared after Google Chief Executive Sundar Pichai said in a blog post that “there is no question that this is the best quarter ever.”
The stock also jumped when Google announced that it will soon launch a new service, Google Home, which will stream music and videos directly from Google.
The new service will compete with Amazon’s Alexa, Apple’s Siri and Amazon’s own Echo device.