Anti-monopoly risks dissipate, Alphabet's market value is expected to surpass 3 trillion US dollars.
The long-awaited antitrust ruling has finally lifted the key risk that has been weighing down Alphabet's stock price for months, allowing the company's stock price to "decouple". The ruling made by a US district court judge on Tuesday allows Google's parent company, Alphabet, to avoid the harshest sanctions proposed by regulatory authorities. This good news has helped Alphabet's stock price to rise nearly 10% over the past two days, bringing its market value just one step away from the $3 trillion mark. With the dust settled on the antitrust case, investors are now looking at the potential for Alphabet's stock price to rise again - despite a recent rebound, it remains the lowest-valued company among the "Big Seven" tech giants. "This ruling has cleared the way for Alphabet to seize more growth opportunities," said Neville Javeley, senior fund manager at UnionBo Global Investments, discussing the ruling. He believes that the ruling "preserved the growth opportunities that could have been lost", making Alphabet's stock a "great investment opportunity". In fact, Alphabet's stock price had already started a strong uptrend since the company's second-quarter earnings report was released - the report showed that demand for its AI products was driving sales growth. At the same time, Alphabet's various AI products continue to enhance investor confidence, with its ability to withstand competition from rivals like OpenAI being recognized.
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