Alphabet Joins $3 Trillion Club After Antitrust Victory And Strong Stock Rally

Benzinga

Alphabet joined the $3 trillion market cap club on Monday after shares surged more than 4%, closing at $3.05 trillion, according to CNBC. The milestone places Alphabet alongside Nvidia, Microsoft, and Apple in the exclusive group. The achievement comes roughly 20 years after Google’s IPO and 10 years after the creation of Alphabet. The rally was fueled by a favorable September antitrust ruling, where Judge Amit Mehta declined the U.S. Department of Justice’s push to force a divestiture of Chrome. CEO Sundar Pichai, who succeeded co-founder Larry Page in 2019, faces growing competition from AI rivals OpenAI and Perplexity. Alphabet is looking to Gemini, its flagship AI suite, to solidify its position. Shares are now up more than 30% this year, double the Nasdaq’s 15% gain.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Alphabet joined the $3 trillion market cap club on Monday after shares surged more than 4%,

00:07closing at $3.05 trillion, according to CNBC.

00:11Milestone places Alphabet alongside NVIDIA, Microsoft, and Apple in the exclusive group.

00:16The achievement comes roughly 20 years after Google's IPO and 10 years after the creation of Alphabet.

00:21The rally was fueled by a favor of September at a trust ruling,

00:24where Judge Amit Menta declined the U.S. Department of Justice's push to force a divestiture of Chrome.

00:30CEO Sundar Pichai, who succeeded co-founder Larry Page in 2019,

00:34faces growing competition for AI rivals OpenAI and perplexity.

00:38Alphabet is looking to Gemini, its flagship AI suite, to solidify its position.

00:43Shares are now at more than 30% this year, double the NASDAQ's 15% gain.

00:47For all things money, visit Benzinga.com.

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