(Reuters) – Google parent Alphabet (GOOGL, GOOG) became the third U.S. company to hit a $3 trillion market capitalization on Monday, fueled by AI optimism and a favorable antitrust court ruling.
📈 Stock Surge
- Class A shares rose 3.8% to $250
- Class C shares climbed 3.7% to $250.40
- Both closed at record highs
Alphabet’s shares are up 32% year-to-date, making it the best performer among the “Magnificent 7” tech giants, compared with a 12.5% gain for the S&P 500.
It now joins Apple and Microsoft in the $3 trillion club, while Nvidia leads global markets with a $4.25 trillion valuation.
