Alphabet’s stock rises to levels not seen since April 2022

Alphabet Inc.’s Class A stock
GOOGL,
+2.45%
was up 2.8% to $132.75 on Wednesday morning. If the gains hold to the end of the session, the stock will record its highest close since April 8, 2022, when it ended at $133.29, according to Dow Jones Market Data. Much of the tech sector is focused on an earnings report from chip maker Nvidia Corp.
NVDA,
+1.85%
due after the closing bell. Alphabet’s Class A stock is up 50.2% so far in 2023, compared with a 15.3% rise by the S&P 500
SPX,
+0.95%.