Alphabet Surges Past $3 Trillion Market Cap after Federal Judge Dismisses Google Monopoly Breakup Call, Strengthening its Position among Tech Giants

On Monday, Alphabet surpassed $3 trillion in market capitalization, buoyed by investor approval following a federal judge’s decision to refrain from dismantling the tech giant.

On September 2nd, Judge Amit P. Mehta announced less stringent remedies than anticipated for his 2020 ruling that Google was illegally monopolizing search. The Department of Justice had advocated for harsher measures, such as compelling Alphabet-owned Google to sell Chrome. Contenders like Perplexity and Ecosia submitted unsolicited offers for the potential acquisition, but this prospect has now been dismissed.

Beyond Google’s lucrative search business, its cloud computing division is experiencing rapid growth due to its advanced AI services. With this milestone, Alphabet now shares the $3 trillion club with Nvidia, Microsoft, and Apple, with Amazon trailing slightly behind at $2.5 trillion.