Investor sentiment also received a lift after the company’s cloud computing unit delivered nearly 32% growth in the second quarter [File]
| Photo credit: Reuters
Google-parent Alphabet reached a market capitalization of $3 trillion for the first time on Monday, riding renewed optimism around artificial intelligence and a favorable competition ruling.
The company’s Class A shares were up 4.6% to $251.88, while Class C shares rose 4.5% to $252.3, both in mixed trading.
Alphabet joined companies including iPhone maker Apple and Microsoft that have also reached $3 trillion valuations. AI leader Nvidia has crossed the $4 trillion mark.
The latest boost for Google-parents was a decision by a US federal judge that allowed the company to retain control of its Chrome browser and Android mobile operating system, marking a key moment for the tech giant, whose dominance in the search and mobile ecosystems has long been tied to its own.
Investor sentiment also received a lift after the company’s cloud computing unit delivered nearly 32% revenue growth, beating expectations, as investments in internal chips and the Gemini AI model began to pay off.
Published – September 16, 2025 at 08:37 IST
