Alphabet, the parent company of Google, reached a market cap of $3 trillion, becoming the fourth U.S. company to achieve this milestone. This figure is the result of over 20 years of history since Google went public.
Achieving $3 Trillion
Alphabet officially reached a market capitalization of $3 trillion on October 16. This event marked the company's entry into an exclusive club that already includes giants like Apple, Microsoft, and Nvidia. The surge in Alphabet's stock by over 4% was a response from investors to positive business and legal developments.
Impact of Antitrust Ruling
The recent rise in Alphabet's market capitalization followed a U.S. federal court ruling in an antitrust case that did not impact key company platforms such as Chrome and Android. The court did not support the most stringent measures, such as the breakup of the company and the elimination of its large platforms, positively reflecting on Alphabet's stock.
Growing Cloud and AI Technologies
Alphabet's success is also linked to the growth of its cloud services and artificial intelligence. In the last quarter, the company reported a 32% increase in revenue from its cloud segment, indicating high demand for such technologies. Investments in these areas create new opportunities and allow Alphabet to strengthen its position in the tech sector.
Reaching the $3 trillion mark is a significant achievement for Alphabet and demonstrates the importance of legal stability and innovation in the tech field. Cloud services and artificial intelligence are becoming key growth drivers, which are significant not only for the company itself but for the entire tech market.
