Alphabet Reaches $3-T Market Capitalization

Alphabet’s shares continued to climb this week, pushing the Google parent company’s valuation past $3 trillion (€2.55 trillion), Doloresz Katanich reported for Euronews

Alphabet’s rally gained momentum after a long-awaited US court ruling concluded a nearly five-year antitrust case. (Photo: Robbie Shade Flickr) 

The milestone places Alphabet in an elite club of tech giants worth more than $3 trillion. Other members include Nvidia, valued at over $4.2 trillion (€3.57 trillion),

Microsoft at roughly $3.8 trillion (€3.23 trillion), and Apple at $3.5 trillion (€3 trillion).

Alphabet’s rally gained momentum after a long-awaited US court ruling concluded a nearly five-year antitrust case.

The Department of Justice had pushed for Google to sell its Chrome browser and possibly its Android operating system, citing competition concerns.

A federal judge ruled instead that Google could retain both but must share certain data with competitors. Google’s search business accounts for more than half of Alphabet’s revenue.