For the first time, Google's parent company has crossed the threshold of the 3 trillion dollar capitalization (approx. 2,55 trillion euros), a bar that only a handful of technology companies have surpassed in recent history.
The milestone session came with increases of more than 4% and intraday highs of around $252 per share for both Class A and Class C shares, reflecting sustained investor appetite stemming from expectations of further growth in AI.
What's behind the stock market milestone
The main driving force behind the progress has been the artificial intelligence traction, with the deployment of Gemini in the search engine, Workspace, advertising and cloud. The cloud division registered a revenue increase of almost 32% year-on-year in the second quarter, a sign that investments in proprietary chips and AI services are beginning to scale.
In the same period, the company showed revenue growth of around 15% year-on-year, and a quarterly profit close to 28.200 million (+19% approx.), figures that exceeded market forecasts and reinforced the narrative of operational improvement.
The stock has accumulated an advance of more than 30%, with a particularly positive stretch since spring and acceleration in July, August and SeptemberSince its April lows, the stock has rallied by around 70%, adding nearly $1,2 trillion in market capitalization over that period.
By crossing this reference, Alphabet is placed next to Apple and Microsoft (above 3 billion) and behind Nvidia, which leads the ranking with over 4 trillion, consolidating the sector's weight in the indices and in the narrative of the new wave of AI.
- Historical highs near $252 per share (classes A and C).
- Capitalization exceeding 3 trillion dollars, new corporate record.
- Growth rate supported by AI and cloud, with margin improvement.
The antitrust ruling and its effects
A federal judge in the US ruled that Alphabet You should not divest from Chrome or Android, rejecting the option of a forced division that had been on the table for years of litigation.
The court did recognize market power in searches and established limits on exclusive agreements, in addition to requiring Google to share certain data with competitors. However, it does not impose the ban on further payments to manufacturers like Apple or Samsung for the pre-installation of Google services.
The reading for the market was clear: the reduction in short-term regulatory uncertainty, without structural measures that would alter the business's perimeter. Hence the additional boost in the stock market, with gains exceeding 4% during the session and consolidation of all-time highs.
What analysts say and the fight in AI
On the analysis front, Citigroup raised its target price at $280, supported by a faster product cycle and greater adoption of Gemini in advertising and cloud; Bank of America highlighted the possibility of the multiple expanding if search engine usage and AI continue to gain traction.
The milestone does not make Alphabet the largest in the sector, since Nvidia surpasses 4 billion thanks to the central role of its GPUs and data center solutions in this era of generative AI. Still, Alphabet's status within the small group of mega-caps strengthens your position against Apple and Microsoft in the race for technological leadership.
Challenges remain in sight: competition from Microsoft/OpenAI and Meta In foundational models, regulatory pressure—especially in Europe—and the need to sustain the pace of innovation without losing focus on profitability. The company, which reached one billion in 2020 and 2 trillion in April 2024, has demonstrated the ability to scale, but the bar for execution is increasingly demanding.
The jump over $3 trillion symbolizes a moment of market confidence in Alphabet's strategy: maintaining margins and search market share as a target, a growing cloud, and a clearer legal landscape, with an eye toward consolidating growth through innovation.
