Alphabet enters $3 trillion market cap club as Big Tech's AI momentum builds

Core Insights - Alphabet achieved a market capitalization of $3 trillion for the first time, driven by optimism surrounding artificial intelligence and a favorable antitrust ruling [1][2] - Class A shares increased by 4.6% to $251.88, while Class C shares rose by 4.5% to $252.3, both reaching record highs [1] - Alphabet joins Apple and Microsoft in the $3 trillion valuation club, while Nvidia has surpassed the $4 trillion mark [1] Antitrust Ruling - A U.S. federal judge's ruling allowed Alphabet to maintain control over its Chrome browser and Android mobile operating system, a significant development for the company amid scrutiny of its market dominance [2] Financial Performance - The cloud-computing unit of Alphabet reported a nearly 32% increase in second-quarter revenue, exceeding expectations due to investments in in-house chips and the Gemini AI model [3]