Alphabet has surpassed a $3 trillion market capitalisation, joining an exclusive group that includes Nvidia, Microsoft, and Apple. On Monday, shares in the tech giant rose by more than 4%, closing the day at a valuation of around $3.05 trillion.
The boost to Alphabet’s share price followed a favourable ruling in a long-running U.S. antitrust case. Regulators had sought severe penalties against Google, including forcing the sale of its Chrome browser, after a court previously found the company to have an illegal monopoly in search and digital advertising.
However, Judge Amit Mehta rejected the harshest measures proposed by the Department of Justice, easing investor concerns and sending shares to record highs. President Donald Trump welcomed the decision, calling it “a very good day.”
Alphabet’s shares have gained over 30% this year, outperforming the Nasdaq index which has risen approximately 15%. This milestone comes nearly 20 years after Google’s initial public offering and just over a decade since Alphabet was formed as a holding company with Google as its main subsidiary.
Since taking over as CEO of Alphabet in 2019 from co-founder Larry Page, Sundar Pichai has steered the company through growing competition and increased regulatory challenges, particularly related to advances in artificial intelligence. Emerging rivals such as OpenAI and Perplexity have transformed the competitive landscape and influenced regulatory scrutiny in both the U.S. and Europe.
The presence of these AI challengers played a role in the recent antitrust case’s outcome in Alphabet’s favour. The company’s ambitions to lead in artificial intelligence now focus on Gemini, its flagship suite of AI models designed to rival competitors and expand Alphabet’s influence beyond search and advertising.
Industry analysts see Alphabet’s entry into the $3 trillion valuation club as evidence of investor confidence in its diversified business, including its growing cloud and AI segments. Nonetheless, the company remains under close watch from regulators worldwide as governments continue to examine the market power of major technology firms.