Alphabet Joins $3 Trillion Valuation Club Amid AI Optimism

Google-parent Alphabet surged to a $3 trillion market capitalization for the first time, buoyed by enthusiasm around artificial intelligence and a favorable antitrust ruling. Class A shares ROSE 4.6% to $251.88, while Class C shares climbed 4.5% to $252.30—both setting record highs.

The tech giant now stands alongside Apple and Microsoft in the elite $3 trillion valuation tier, while AI leader Nvidia has eclipsed $4 trillion. A U.S. federal judge's decision allowing Alphabet to retain control of Chrome and Android marked a pivotal victory, easing regulatory concerns over its dominance in search and mobile ecosystems.

Investor sentiment further strengthened after Alphabet's cloud-computing unit reported a 32% revenue jump in Q2, surpassing expectations. The outperformance reflects early returns from investments in custom chips and the Gemini AI model.