Alphabet (GOOG) Rallied Following Court Ruling on Anti-Competitive Practices

Core Insights - TCW Concentrated Large Cap Growth Fund reported a return of +4.11% in Q3 2025, underperforming the Russell 1000 Growth Index which returned +10.51% [1] - The fund's performance was influenced by optimism surrounding AI investments and positive corporate earnings [1] Company Highlights - Alphabet Inc. (NASDAQ:GOOG) was highlighted as a key holding, with a one-month return of -0.52% and a 52-week gain of 65.09% [2] - As of December 29, 2025, Alphabet Inc. had a stock price of $314.39 and a market capitalization of $3.795 trillion [2] Legal and Regulatory Developments - A U.S. District Court ruling found that Google violated Section 2 of the Sherman Act, but the company will not be required to sell Chrome or Android [3] - Google is prohibited from exclusive contracts for Search, Chrome, Assistant, or Gemini, but can still make payments to distribution partners for default placement [3] - The ruling is viewed positively as it was less severe than anticipated, and the company's fundamentals remain strong with over 2 billion users utilizing AI services monthly [3]