Margin can help the company's profits explode in the next few years.

Wall Street inched to more records on Thursday as gains for Alphabet and artificial-intelligence stocks helped make up for Tesla ’s steep tumble. The S&P 500 added 0.1% to its all-time high set the day before.

Most leaders in the tech industry owe their wealth to founding equity stakes in their platforms, which Google’s Sundar Pichai does not have.

JPMorgan Chase is an advertising partner of Motley Fool Money. Adam Spatacco has positions in Alphabet and Nvidia. The Motley Fool has positions in and recommends Alphabet, Goldman Sachs Group, JPMorgan Chase, and Nvidia. The Motley Fool has a disclosure policy.

Shares of the EV maker pared losses and traded close to flat in afterhours trading, following results that showed net income plunging 16% and automot

Alphabet shares climbed Thursday after the Google parent posted better-than-expected earnings and said it would boost its capital spending this year by $10 billion.

While there are lingering concerns about Google’s search business in the long run, analysts see some positives ahead of upcoming second-quarter results.

Alphabet is trading at a significant discount to peers despite superior profitability and growth outlook. Click here to see why GOOGL stock is a Buy.

The S&P 500 and Nasdaq traded near all-time highs at midday as a strong earnings report from Alphabet lifted big tech stocks.

Asian shares are lower after Wall Street inched to more records as gains for Alphabet and artificial-intelligence stocks offset a steep tumble for EV-maker Tesla

It's also likely that the pullback in ServiceNow on Friday was due to some profit-taking by opportunistic investors. The market was clearly impressed with the company's second-quarter earnings report published late Wednesday; it notched convincing beats on both the top and bottom lines, after all.