Alphabet Inc. & # 39; s

GOOGL, + 0.77%

GOOG, + 0.61%

On Wednesday, Google CEO Sundar Pichai announced Wednesday that he is investing $ 13 billion in its data centers and US offices in 2019. This expansion will create more than 10,000 new jobs in the construction industry. in Nebraska, Ohio, Texas, Oklahoma. South Carolina and Virginia, expanding Google's presence to 24 states, including data centers in 13 communities. Pichai said Google would double its workforce in Virginia and Georgia; develop new data centers in Ohio, Nebraska and Nevada; expand data centers in Oklahoma and South Carolina and create a new office and data center in Texas. At the end of 2018, Alphabet reported $ 109.14 billion in cash and short-term investments, according to FactSet data. Class A shares of the alphabet increased by 0.7% and class C shares by 0.6%, while the S & P 500 index

SPX, + 0.29%

increased by 0.3% and Nasdaq Composite, a high-tech index

COMP, + 0.27%

was up 0.2%.

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