The top tech performer on the S&P 500 index for the month of April was Alphabet, with Class C shares of the company (GOOG) gaining 9.2% in April to $905.96. Class A shares of the company, which trade under the ticker (GOOGL) , gained a robust 9.05% to $924.52 in April.
Meanwhile, the S&P 500 index gained 1.1% for the month to 2,384.20.
Class C and Class A shares of Alphabet are trading up about 17% year-to-date and are up about 26% in the past 12 months.
Alphabet got a nice bump this week after releasing an impressive 2017 first-quarter financial report on Thursday. The company reported earnings of $7.73 per share, topping estimates for $7.38 per share. Revenue came in at $24.75 billion, also beating expectations for $24.22 billion.
TheStreet's technology columnist Eric Jhonsa said the most notable figure from the report was the paid ad clicks on Google-owned sites, which rose a stunning 53% year-over-year. "The figure says a lot about how much smartphone activity continues to grow Google's addressable market, and how effective it has become at monetizing this activity," he explained.