Alphabet Inc. closed decisively above a $2 trillion market capitalization for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence.

Google parent company Alphabet (GOOG, GOOGL) achieved a market capitalization surpassing $2 trillion, propelled by impressive quarterly results that exceeded revenue and earnings projections, alongside the announcement of a cash dividend program of $0.

The company is on track to reach a $2 trillion market capitalization for the first time if current gains hold. It would be the fourth U.S. company to achieve the milestone, after

Alphabet‘s market value closed above the $2 trillion level for the first time on Friday, spurred higher by better-than-expected financial results and a well-received new capital allocation plan, including a quarterly dividend of 20 cents per share and a $70 billion stock repurchase program.