:max_bytes(150000):strip_icc()/GettyImages-2234546858-d8139739813b4c30b02514f8b276ead8.jpg "Google Parent Alphabet’s Market Cap Hits Trillion for First Time")
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Google parent Alphabet’s market value just reached a major milestone.
Its stock was up about 3% near $249 in recent trading, pushing Alphabet’s (GOOGL) market capitalization above $3 trillion, becoming the fourth company to do so.
The only others to have reached that level are Apple (AAPL), Microsoft (MSFT), and AI darling Nvidia (NVDA), which earlier this year became the first company to top $4 trillion.
Alphabet’s stock has gotten a boost this month after a federal judge ruled the tech giant doesn’t have to sell its Chrome browser to remedy an antitrust case, in a major legal win for the search giant that eased worries it might be forced to sell a key part of its business.
In a note to clients Monday, Citi analysts became the latest to boost their price targets for the stock to a Street high of $280 from $225, citing an “improving legal landscape” in the wake of the decision, as well as growing adoption of Google’s artificial intelligence tools across its ad and cloud businesses.
With Monday’s gains, the stock has added nearly a third of its value this year, making it the best-performing member of the Magnificent Seven for 2025 so far.
