Alphabet, the parent company of Google, has become the fourth U.S. firm to reach a market capitalization of $3 trillion. Shares of the tech giant rose more than 4% on Monday, closing at a value of $3.05 trillion. The surge follows a favorable antitrust ruling earlier this month, which eased investor concerns about potential break-up measures.
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The ruling came after the U.S. Department of Justice accused Google of holding an illegal monopoly in search and advertising, with calls for divestment of its Chrome browser. However, Judge Amit Mehta declined to impose the most severe penalties, helping Alphabet stock rally to record highs. President Donald Trump later congratulated the company, calling it “a very good day.”
This milestone arrives about two decades after Google’s initial public offering and a little over 10 years since the formation of Alphabet as a holding company. Under CEO Sundar Pichai, Alphabet has navigated growing regulatory scrutiny in both the U.S. and Europe while facing new competitive threats in artificial intelligence. Its flagship AI suite, Gemini, is now seen as central to Alphabet’s future growth strategy.
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Alphabet’s market cap growth of more than 30% so far this year significantly outpaces the Nasdaq’s 15% gain, cementing its place among the most valuable companies in history. With this achievement, Alphabet joins Apple, Microsoft, and Nvidia in the exclusive $3 trillion club, underscoring the lasting influence of Google’s technology empire.