ALPHABET HITS $3 TRILLION MARKET CAP MILESTONE FOR THE FIRST TIME đ°
Alphabet, the parent company of Google, hit a $3 trillion market cap for the first time on Monday, boosted by investor confidence in its Al strategy and a favorable federal court ruling.
The court decision allowed Alphabet to keep control of its Chrome browser and Android OS, easing regulatory pressure.
Meanwhile, the company's cloud division posted nearly 32% year-over-year revenue growth, helped by its investments in in-house chips and its Gemini Al model.
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