Alphabet, the parent company of Google, has reached a market capitalization of $3 trillion. The company's stock rose more than 4% on Monday, closing with a total valuation of $3.05 trillion.

The increase followed a favorable antitrust ruling earlier this month. U.S. District Judge Amit Mehta declined to impose the most severe penalties proposed by the Department of Justice, which had previously argued that Google should be required to divest its Chrome browser. The judge’s decision led to a rally in Alphabet’s shares.

Following the ruling, President Donald Trump congratulated the company and described it as “a very good day.”

Alphabet Joins Exclusive Group of Tech Giants

Alphabet is now the fourth company to enter the $3 trillion market cap club, alongside Nvidia, Microsoft, and Apple. The company has added billions in value during September and is now up more than 30% for the year, outperforming the Nasdaq’s 15% gain.

The milestone arrives just over 20 years after Google’s IPO and a little more than 10 years after the creation of Alphabet as a holding company.

Pichai Leads Through Competition and Regulatory Pressure

Sundar Pichai, who became CEO of Alphabet in 2019 after co-founder Larry Page stepped down, has led the company through growing regulatory challenges and increased competition in artificial intelligence.

New players like Perplexity and OpenAI have reshaped the competitive landscape. Their emergence contributed to Alphabet’s favorable position in the recent antitrust case.

Gemini AI Central to Alphabet’s Strategy

Alphabet’s efforts in artificial intelligence are centered on Gemini, its primary suite of AI models. The company continues to navigate regulatory oversight while pursuing leadership in the AI space.

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This article was created with AI assistance.