Alphabet joined the $3 trillion market cap club on Monday after shares surged more than 4%, closing at $3.05 trillion, according to CNBC. The milestone places Alphabet alongside Nvidia, Microsoft, and Apple in the exclusive group. The achievement comes roughly 20 years after Google’s IPO and 10 years after the creation of Alphabet. The rally was fueled by a favorable September antitrust ruling, where Judge Amit Mehta declined the U.S. Department of Justice’s push to force a divestiture of Chrome. CEO Sundar Pichai, who succeeded co-founder Larry Page in 2019, faces growing competition from AI rivals OpenAI and Perplexity. Alphabet is looking to Gemini, its flagship AI suite, to solidify its position. Shares are now up more than 30% this year, double the Nasdaq’s 15% gain.
