Investors poured into Alphabet after a US judge blocked the forced sale of Google’s Chrome browser. The ruling protected Google’s core businesses and prevented a breakup, boosting confidence. Shares rose over 4% in European trading Monday, extending gains of more than 30% since January. The company’s market value now exceeds $3 trillion (€2.55tr), joining an elite group of tech giants. Nvidia leads at $4.2 trillion (€3.57tr), Microsoft follows at $3.8 trillion (€3.23tr), and Apple stands at $3.5 trillion (€3tr).
Court Clears Google From Forced Sale
The Department of Justice had demanded Google sell Chrome and possibly Android, citing competition concerns. Google’s search division contributes more than half of Alphabet’s revenue. The federal judge allowed Alphabet to retain both assets but required the company to share selected data with rivals. Analysts hailed the decision as a turning point for Alphabet, safeguarding revenue streams and ensuring business stability. Investors welcomed the ruling as confirmation that Google’s most profitable units remain intact.
AI Growth Drives Strong Revenue
Alphabet reported a 15% increase in second-quarter revenue, driven by rising demand for artificial intelligence products. AI adoption boosted Google Cloud and advertising services, exceeding analyst expectations. The company’s financial strength and legal clarity reinforced investor confidence in Alphabet’s future. Market observers now view Alphabet as a resilient technology leader with strong growth potential across multiple sectors.
