In this articleGOOGL your favorite stocksCREATE FREE ACCOUNTGoogle CEO Sundar Pichai gestures to the crowd during Google's annual I/O developers conference in Mountain View, California on May 20, 2025.
Camille Cohen | Afp | Getty ImagesAlphabet has joined the $3 trillion .s of the giant jumped more than 4% on Monday, pushing the company into territory occupied only by Nvidia, Microsoft and Apple.The stock got a big lift in early September from an antitrust ruling by a judge, whose penalties came in lighter than holders feared.
The U.S.
Department of Justice wanted Google to be forced to divest its Chrome browser, and last year a district court ruled that the company held an illegal monopoly in and related advertising.But Judge Amit Mehta decided against the most severe consequences posed by the DOJ, which sent s soaring to a record.
After the big rally, President Donald Trump congratulated the company and called it "a very good day."Read more CNBC newsChina says Nvidia violated anti-monopoly law after preliminary be5 fins that could be next to IPO after KlarnaApple, Google and Meta are trying to perfect a science fiction gadget: The universal translator'We will do better.' Microsoft CEO Nadella admits company has to rebuild trust with employeesAlphabet s are now up more than 30% this year, compared with the 15% gain for the Nasdaq.The $3 trillion milestone comes roughly 20 years after Google's IPO and a little more than 10 years after the creation of Alphabet as a holding company, with Google its prime subsidiary.CEO Sundar Pichai was named CEO of Alphabet in 2019, succeeding co-founder Larry Page.
Pichai's challenge has been the surge of new competition due to the rise of artificial intelligence, which the company has had to manage through while also fending off an aggressive set of regulators in the U.S.
and Europe.The rise of Perplexity and OpenAI up helping Google land the recent favorable antitrust ruling.
The company's hopes of becoming a major artificial intelligence player largely ride with Gemini, Google's flagship suite of AI models.Don’t miss these insights from CNBC Nobel winner Joseph Stiglitz has a warning for bond investorsAs traditional 60/40 portfolios get riskier, BlackRock says investors should rethink their allocationsGoldman adds Walmart to September 'conviction list.' Here's who else made the cutNvidia retail buyers are getting exhaustedWATCH: EU fines Google almost $3 billionwatch now1:0401:04EU fines Google almost $3 billion over Ad practices, reports sayMoney Movers