Alphabet market cap crosses $3 trillion! Shares hit record highs; cloud growth and AI bets lift sentiment

Alphabet's market value has surpassed $3 trillion. This milestone follows gains in share value. Optimism surrounding artificial intelligence is a factor. A US judge allowed Alphabet to retain control of Chrome and Android. This is a pivotal ruling. Cloud revenue jumped 32% year-on-year in the second quarter. Investments in custom chips and Gemini AI model supported the gains.

Alphabet market cap crosses $3 trillion! Shares hit record highs; cloud growth and AI bets lift sentiment
Alphabet's market value has surpassed $3 trillion. This milestone follows gains in share value. Optimism surrounding artificial intelligence is a factor. A US judge allowed Alphabet to retain control of Chrome and Android. This is a pivotal ruling. Cloud revenue jumped 32% year-on-year in the second quarter. Investments in custom chips and Gemini AI model supported the gains.