Alphabet just muscled its way into one of Wall Street’s tiniest VIP rooms.
Shares of Google’s parent jumped as much as 4.7% on Monday to an intraday high of $252.75, pushing its market value past $3 trillion for the first time. That makes Alphabet only the fourth member of the club, alongside Nvidia, Microsoft, and Apple.
It’s been a monster run. The stock is up more than 30% in 2025 and roughly 70% off its April low — about $1.2 trillion in value added along the way.
A court decision landed better than feared: Judge Amit Mehta rejected the harshest remedies sought by the DOJ — no forced spin-off of Chrome, no Android divestiture — taking a giant overhang off the table and igniting a rally across Big Tech. President Donald Trump even weighed in with congratulations after shares ripped to records.
Fresh bullish calls didn’t hurt either. Citi’s Ron Josey lifted his price target to $280 from $225, arguing clearer regulatory skies should speed up product rollouts — and that deeper Gemini integration across Ads and Cloud is starting to show up in numbers. Over the weekend, Google’s Gemini app also shot to the top of Apple’s App Store free charts, feeding the AI momentum story.
Alphabet hit this milestone a little over 20 years after Google’s IPO and about a decade after the holding-company revamp. CEO Sundar Pichai, at the helm since 2019, is navigating a two-front campaign: fending off regulators while racing to embed AI across Search, YouTube, Cloud, and beyond. Recent results suggest that push is working — Cloud revenue is accelerating, and AI-driven products are lifting the top line.
Nvidia remains the world’s most valuable company at roughly $4.26 trillion, with some on Wall Street betting it could double again by decade’s end if AI infrastructure demand stays white-hot. But Alphabet’s entry into the $3T tier underscores a broader takeaway: the market thinks the next leg of tech’s growth will be built — and monetized — on AI.
Alphabet didn’t just clear a round number. It reminded investors that, in the AI era, the Google machine is very much in the race.
Reuters, the Financial Times, Business Insider, Bloomberg, and CNBC contributed to this report.
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