Alphabet Reaches $3 Trillion Market Cap After Antitrust Ruling
Alphabet Reaches $3 Trillion Market Cap After Antitrust Ruling

Alphabet Reaches $3 Trillion Market Cap After Antitrust Ruling

News summary

Alphabet, the parent company of Google, became the fourth U.S. company to reach a $3 trillion market capitalization, joining Nvidia, Microsoft, and Apple. The milestone was reached following a favorable antitrust ruling by Judge Amit Mehta, who rejected the U.S. Department of Justice's demand to force Alphabet to divest its Chrome browser, alleviating fears of severe penalties and boosting investor confidence. Shares surged over 4%, contributing to a more than 30% gain year-to-date, well above the Nasdaq's 15% increase. CEO Sundar Pichai leads Alphabet as it navigates growing competition in the AI sector, particularly from rivals like OpenAI and Perplexity, while focusing on its in-development Gemini AI models. The antitrust trial outcome and Alphabet's strong cloud AI integration are expected to support continued growth. President Donald Trump praised the court's decision, calling it "a very good day" for the company.

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