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Alphabet (GOOGL) Stock Hits All-Time High Following Antitrust Ruling
Alphabet (GOOGL) Stock Hits All-Time High Following Antitrust Ruling
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Alphabet shares surged 8.4% to a record $229.05 after a U.S. district court delivered a favorable antitrust ruling for Google. The decision avoids forced divestiture of Chrome and preserves lucrative default search agreements with Apple—a verdict analysts say clears the path for deeper AI collaboration through Google's Gemini platform.
Wedbush's Daniel Ives notes the ruling effectively greenlights expanded partnerships between tech giants, with market participants now repricing GOOGL to reflect reduced regulatory overhang. The stock trades NEAR the upper bound of its 52-week range, buoyed by revised price targets across Wall Street.
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