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

By Johann M Cherian and Shashwat Chauhan (Reuters) - Google parent Alphabet hit a market capitalization of $3 trillion for the first time on Monday, riding on renewed optimism around artificial intelligence and a favorable antitrust ruling. Class A shares of the company were up 3.8% at $250, while Class C shares climbed 3.7% to $250.4 - both trading at record highs. Including Monday's gains, the company's shares have rallied more than 32% so far this year, the best performer among the so-called "Magnifi ...