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- Alphabet shares surged in Friday's premarket after a blowout earnings report for the Google owner.
- Microsoft racked up more modest gains after doubling down on its AI spending spree.
- The S&P 500 and Nasdaq 100 were set to open higher thanks to the Big Tech giants' strong results.
Alphabet stock surged ahead of Friday's opening bell as investors cheered the Google owner's blowout first-quarter earnings.
Shares were up 11% to almost $174 shortly before 5 a.m. ET. If those gains hold until the opening bell, its valuation will top $2 trillion for the first time.