Alphabet Soars into $3 Trillion Club, Defying Antitrust Penalties
Summary
Defying antitrust penalties, Alphabet soars into the $3 trillion market cap club, joining tech giants Nvidia, Microsoft and Apple, with shares surging over 4% on a favorable ruling against lighter proposed US government penalties, marking a milestone around 20 years after Google's IPO and 10 years after Alphabet's creation.
Key Points
- Alphabet reaches $3 trillion market cap, joining Nvidia, Microsoft and Apple in exclusive club
- Shares jump over 4% on favorable antitrust ruling against lighter penalties proposed by US government
- Milestone comes around 20 years after Google's IPO and 10 years after creation of Alphabet holding company