Google’s parent company Alphabet (GOOG, GOOGL) reached a new milestone on Monday, becoming the fourth publicly traded company to achieve a market capitalization of $3 trillion. The surge came after the company successfully navigated a key antitrust trial, with U.S. District Court Judge Amit Mehta ruling earlier this month that Google will not be required to sell its Chrome browser, removing a major potential obstacle to its operations.
With this achievement, Google joins the ranks of Apple (AAPL), Microsoft (MSFT), and Nvidia (NVDA) in the $3 trillion market-cap club. Nvidia has since surged further, surpassing $4 trillion on the strength of its AI chip business, highlighting the growing investor appetite for companies leading the artificial intelligence revolution.
Google has emerged as a central player in the AI race, driven by its Gemini models and advanced chatbot technology. Like Microsoft and Amazon, Google has integrated AI deeply into its cloud services, making it a formidable option for customers either entering the AI space or upgrading their enterprise cloud subscriptions. Citi analyst Ronald Josey highlighted in a Monday note to investors that the company’s strong cloud offerings, combined with favorable antitrust outcomes, will support continued growth.
“We believe the pace of Google’s product velocity is ramping, aided in part by Judge Mehta’s ruling as it provides clearer operational guidelines for Google,” Josey wrote. “More specifically, we believe Gemini’s tools, capabilities, and integration across Google’s products continue to expand its product halo, and Google’s size and scale give it an inherent advantage — with 15 products boasting 500 million monthly active users.”
Despite the milestone, Google faces growing competition in the AI and search markets from emerging players such as OpenAI, Anthropic, and Perplexity. During the antitrust trial, Apple senior vice president of services Eddy Cue testified that Apple had observed a decline in searches within its Safari browser for the first time in April. Google, however, countered this claim, noting growth across other areas of its business.
Regulatory challenges are not over. Alphabet must still contend with an ongoing antitrust lawsuit regarding online advertising, and the Federal Trade Commission is reportedly investigating the company’s and Amazon’s ad business practices, according to Bloomberg.
As Google cements its position among the world’s largest companies, its continued leadership in AI, cloud computing, and digital advertising will be closely watched by investors, regulators, and competitors alike — a combination of factors that could define the next chapter in one of the most powerful technology firms in history.
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