TLDR
- Alphabet joins Apple, Microsoft, and Nvidia as the fourth company to reach $3 trillion market cap
- Stock surged over 4% on Monday, reaching approximately $249 per share
- Company benefited from lighter-than-expected antitrust ruling rejecting forced Chrome browser sale
- Alphabet shares have gained nearly 30% in 2025, outperforming the Magnificent Seven
- Citi analysts raised price target to street-high $280 citing improving legal landscape
Alphabet stock jumped over 4% on Monday as the Google parent company crossed the $3 trillion market capitalization threshold. The tech giant joins an exclusive club with only three other companies reaching this valuation.
Apple, Microsoft, and Nvidia remain the only other companies to achieve the $3 trillion milestone. Nvidia earlier this year became the first to surpass $4 trillion in market value.
The stock traded near $249 during Monday’s session. This pushed Alphabet’s total market value above the $3 trillion mark for the first time.
Legal Victory Drives Rally
The surge follows a federal court ruling earlier in September. Judge Amit Mehta rejected the Department of Justice’s request to force Google to sell its Chrome browser.
The DOJ had sought sweeping penalties after finding Google held an illegal monopoly in search and advertising. The court’s decision to reject the harshest remedies eased investor concerns.
President Donald Trump praised the ruling as “a very good day” for the company. The legal victory removed a major overhang that had worried shareholders.
The antitrust case had threatened to break up key parts of Google’s business. The lighter-than-expected judgment preserved the company’s core operations.
Strong Performance in 2025
Alphabet shares have gained nearly 30% this year. The performance makes it the best-performing member of the Magnificent Seven tech stocks.
The Nasdaq has risen about 15% in 2025. Alphabet’s gains represent double the broader tech index’s performance.
Wall Street analysts have taken notice of the momentum. Citi raised its price target to a street-high $280 from $225 on Monday.
The analysts cited an “improving legal landscape” following the court decision. They also pointed to growing adoption of Google’s AI tools across advertising and cloud businesses.
AI Competition Shapes Market
Alphabet’s flagship AI suite Gemini remains central to its strategy. The company faces intense competition from rivals including OpenAI and Perplexity.
The rise of new AI competitors actually helped in the antitrust case. The court noted greater market dynamism than previously assumed when making its ruling.
CEO Sundar Pichai has led the company since 2019. He succeeded co-founder Larry Page and has navigated increasing regulatory scrutiny.
Market Milestone Achievement
The $3 trillion valuation comes roughly two decades after Google’s IPO. The milestone also arrives just over a decade since Alphabet’s creation as a holding company.
The achievement cements Alphabet’s position among the world’s most valuable companies. It underlines the company’s resilience through regulatory battles.
Google’s dominance in digital advertising continues to drive revenue growth. The company maintains its leading position in search despite new competition.
The stock’s Monday gains pushed Alphabet into the exclusive $3 trillion club. Trading near $249 per share marked the historic milestone for the tech giant.
