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Alphabet hits $3t valuation, joins tech giants
Alphabet reached a market capitalization of over US$3 trillion on September 15, joining the ranks of Nvidia, Microsoft, and Apple.
The milestone comes after a US District Court judge decided not to order a breakup of Google, Alphabet’s core subsidiary, following a ruling that Google held an illegal monopoly in search.
The Department of Justice had previously suggested stronger actions, such as forcing Google to sell Chrome, but these were not adopted.
Other companies, including Perplexity and Ecosia, had expressed interest in acquiring Chrome if a sale took place.
Alphabet has also seen growth in its cloud computing division, supported by its AI products.
🔗 Source: TechCrunch
