周三（9月3日），美股三大指数涨跌不一，受谷歌和苹果强劲表现影响，纳指收涨超1%。 截至收盘，道琼斯指数跌0.05%，报45271.23点；标普500指数涨0.51%，报6448.26点；纳斯达克综合指数涨1.02%，报 21497.73点。 30只道指成分股中，13家上涨17家下跌。其中苹果涨幅最大（+3.81%），该股收于今年3月以来的最高水平。 谷歌A涨9.14%（市值一夜增加2334亿美元，约合人民币1.666万亿元），谷歌C涨9.01%，双双收于历史新高，由于谷 歌不是道指成分股，导致该指数表现不如标普和纳指。 据新华社9月3日消息，美国联邦地区法院法官阿米特·梅塔2日裁决，美国互联网巨头谷歌公司无需剥离Chrome浏览器 和安卓操作系统业务，但需与其竞争对手共享搜索结果等更多数据，谷歌同时需创建反垄断技术委员会监督公司运 营。 路透社将这一裁决称作美国互联网巨头在与联邦反垄断执法者对抗中取得"罕见胜利"。美国《纽约时报》称，裁决意 味着谷歌只需就其行为做"温和修改"，可基本保持业务持续运营。 大型科技股多数走高，（按市值排列）英伟达跌0.07%，微软涨0.05%，苹果涨3.81%，谷歌C涨9.01 ...

Core Insights - Alphabet has received a favorable ruling in its antitrust case, avoiding severe penalties such as divestitures of key businesses like Chrome and Android [1][2][4] - The court's decision allows Google to continue its business practices with narrower restrictions, focusing on contracts and data-sharing [2][4][5] - Following the ruling, Alphabet's stock surged nearly 20% year-to-date, significantly outperforming the S&P 500 [3][7] Regulatory Outcome - The court confirmed that Google holds an illegal monopoly in internet search but imposed less severe penalties than anticipated [2][4] - Google is prohibited from entering exclusive contracts that condition payments or licensing, which the DOJ argued reinforced its monopoly [4][6] - Google must share specific search index and user interaction data with rivals but is not required to disclose granular advertising data [5][6] Market Reaction - Alphabet's shares rose by approximately 8% in after-hours trading following the ruling, contributing to a quarterly gain of nearly 25% [3][7] - Apple also experienced a rally of close to 4%, as the ruling suggests that its deal with Google to remain the default search engine on iPhones will persist [8] Future Outlook - The ruling alleviates regulatory uncertainty that has previously hindered Alphabet's stock performance, potentially transforming headwinds into tailwinds [10][11] - Google retains the ability to compete aggressively in core markets and expand in areas like AI, cloud, and YouTube [11][13] - Although short-term profit-taking may occur due to the stock's recent surge, the long-term outlook for Alphabet has improved significantly [12][14]

Core Viewpoint - Google's recent antitrust ruling has allowed the company to avoid forced breakup, resulting in a surge in its market value to $230 billion [1] Group 1: Court Ruling and Implications - The U.S. District Court judge Amit Mehta ruled against the Department of Justice's suggestion to split Google, allowing the company to maintain its core business integrity [1] - The court imposed several restrictions on Google, including a ban on exclusive default search agreements with device manufacturers and browser developers, and a requirement to share certain search data with eligible competitors [1][2] - Despite these restrictions, Google can continue to pay Apple for its default search engine position on iPhone devices, which has historically contributed significantly to Apple's service revenue, with payments reaching up to $20 billion [1] Group 2: Market Reactions and Future Prospects - The ruling has reduced significant uncertainty, leading to a notable increase in Google's stock price, while Apple's stock also rose due to the ongoing partnership with Google [2] - Analysts suggest that with reduced legal pressure, Google and Apple may expand their collaboration in the artificial intelligence sector [2] - The ruling may strategically benefit Google's AI competitors like OpenAI and Perplexity, as the restrictions could provide them with more market access and data resources [2] Group 3: Broader Industry Context - The ruling not only clears legal hurdles for Google and its partners but also offers insights for other tech companies on maintaining fair competition and collaboration in a changing market [3] - The case highlights the ongoing focus on antitrust laws and their role in fostering and sustaining market vitality [3]

Core Viewpoint - Google's stock price reached an all-time high, with a market capitalization exceeding $2.77 trillion following a favorable court ruling regarding antitrust allegations [3][4]. Group 1: Court Ruling Impact - A U.S. judge ruled that Google does not need to divest its Chrome browser or Android operating system, which alleviated significant concerns regarding potential structural changes to the company [4]. - The judge mandated that Google must share certain search data with competitors and establish an antitrust technology committee to oversee compliance with the ruling [4]. - The ruling was seen as a moderate outcome, removing a major unresolved risk for Google's stock price, leading analysts to raise their price targets for the company [5]. Group 2: Analyst Reactions - Analysts from RBC Capital increased Google's target price from $220 to $260, viewing the ruling as primarily requiring Google to open some search technology to competitors without disrupting its distribution system [5]. - Wedbush analysts expressed that the overall outcome is favorable for Google, as the court rejected the most severe remedies proposed by the Department of Justice [5]. Group 3: Broader Industry Implications - The ruling is also seen as beneficial for other tech companies, such as Apple, as Google can continue to pay billions annually to maintain its status as the default search engine on smart devices [6].

Core Viewpoint - A recent U.S. court ruling has positively impacted shares of Alphabet Inc and Apple, allowing their ongoing $20 billion search deal to continue without restrictions, which analysts view as a significant win for both companies [1][2]. Group 1: Analyst Reactions - Wedbush analyst Dan Ives described the ruling as a "massive win" for both Apple and Google, removing a $25 billion overhang on Alphabet's stock [2]. - JPMorgan's Samik Chatterjee noted that the ruling was "better than feared," indicating only modest headwinds for Google, with exclusive deals not permitted going forward [2][3]. - Bank of America analyst Wamsi Mohan stated that there would likely be no immediate changes to Apple's revenue from Google, as users can still change their default search engine [4]. Group 2: Future Prospects - Analysts suggest that Apple and Google may expand their partnership, potentially leading to a larger AI-related collaboration following the resolution of the DOJ case [2]. - Chatterjee expects a "robust" agreement between Apple and Google to continue, even without exclusivity [3]. - The ruling has increased confidence in Apple's Services segment for future revenue growth [4]. Group 3: Stock Performance - Apple shares rose 2.6% to $235.58, with a year-to-date decline of 3.4% in 2025 [5]. - Alphabet shares increased by 8.3% to $228.88, achieving a year-to-date gain of 20.9% in 2025 [5]. Group 4: Price Targets - Wedbush maintains an Outperform rating on Apple with a price target of $270 [6]. - JPMorgan holds an Overweight rating on Apple with a price target of $255 [6]. - Bank of America raised its price target for Apple from $250 to $260 while maintaining a Buy rating [6].

当地时间9月3日，谷歌大幅高开高走，股价刷新历史纪录。截至发稿，谷歌C涨超8%，总市值突破2.77万 亿美元。 谷歌股价创历史新高。 消息面上，美国法官裁定，谷歌无需剥离旗下Chrome浏览器，也无需分拆安卓操作系统。 2020年10月，美国司法部对谷歌发起反垄断诉讼，指控后者非法垄断搜索引擎和搜索广告市场。2023年 9月，该案件在美国哥伦比亚特区联邦地区法院开庭审理。 梅塔9月2日裁决，谷歌无需剥离Chrome浏览器和安卓操作系统业务，但需与其竞争对手共享搜索结果等 更多数据，谷歌同时需创建反垄断技术委员会监督公司运营。 梅塔解释，未裁定谷歌应剥离Chrome浏览器业务，是因为没有足够证据显示Chrome浏览器是谷歌垄断 网络搜索领域的实质性组成部分。他同时要求谷歌将部分搜索数据与其竞争对手共享，这可能有助于微软 等企业改进相关搜索产品，但谷歌搜索索引这一关键数据库以及可协助网民精确搜索的信息数据库不在共 享之列。 谷歌还需创建五人反垄断技术委员会，确保公司运营符合裁决且其与竞争对手共享数据。 2024年8月，法官阿米特·梅塔 (Amit Mehta) 作出裁决，认定谷歌垄断了搜索引擎市场。检方主张强制谷 ...

Core Viewpoint - Alphabet Inc will not be required to divest its Chrome browser and Android operating systems following the Department of Justice's antitrust case, resulting in a significant positive impact on its stock price, which rose by 8.8% to $229.86 [1] Stock Performance - The stock reached fresh record highs and is on track for its largest single-day percentage gain since April 9, with a year-over-year increase of 46.2% [2] Analyst Reactions - Analysts have responded positively, with Oppenheimer raising its price target from $235 to a Street-high of $270, labeling the ruling as the "best-case outcome" for Alphabet [3] Options Market Activity - Options trading volume for GOOGL has surged, with 589,000 calls and 285,000 puts exchanged, indicating heightened interest. The most popular option is the weekly 9/5 230-strike call, and the current options are priced reasonably with low volatility expectations reflected in the Schaeffer's Volatility Index (SVI) of 34% [4]

Core Viewpoint - Google's stock price surged by 7% to reach a historic high, with a market capitalization of $2.75 trillion, driven by positive developments in antitrust cases and strong demand for AI and search services [1][4]. Group 1: Stock Performance - Google's A shares rose over 8%, reaching $229.18, with a total market value of $2.77 trillion [1][2]. - The stock's previous close was $211.35, indicating a significant increase in value [2]. Group 2: Legal Developments - A U.S. judge ruled that Google must share data with competitors to enhance competition in the online search market, while rejecting the request to sell the Chrome browser and requiring no divestiture of the Android operating system [3][4]. - Google is set to face another lawsuit regarding its illegal monopoly in online advertising technology, with a decision on remedies pending [3]. Group 3: Analyst Ratings - Morgan Stanley raised Alphabet's target price from $232 to $260, while Bank of America increased its target from $217 to $252 [4].

Core Viewpoint - Google's stock surged over 7% to $226.77 following a favorable ruling in the antitrust case "United States v. Google," where the court decided against requiring the company to divest its Chrome browser or split its Android operating system [1] Group 1 - The U.S. District Court for the District of Columbia, presided by Judge Amit Mehta, announced remedial measures in the antitrust case against Google [1] - The court ruled that Google is not required to divest its Chrome browser or split its Android operating system, which was a significant concern for the market [1] - The court also dismissed the prosecution's requests regarding these measures, indicating a more favorable outcome for Google than previously anticipated [1] Group 2 - Google is allowed to continue paying Apple to keep its search engine as the default option on Apple devices, although the court retains the right to revisit this arrangement in the future [1] - Additionally, Google is not prohibited from paying distribution partners to pre-install Google Search, Chrome, or its generative AI products, further easing market concerns [1] - The overall market interpretation of the ruling is that the negative implications have been largely mitigated, with restrictions being less severe than expected [1]

Core Viewpoint - The recent court ruling in the antitrust case against Google is perceived positively by the market, leading to a significant increase in Google's stock price, as the restrictions imposed are less severe than previously anticipated [1] Group 1: Court Ruling Details - The U.S. District Court Judge Amit Mehta ruled that Google does not need to divest its Chrome browser or split its Android operating system [1] - The court also dismissed the prosecution's requests regarding these matters, indicating a favorable outcome for Google [1] - Google is not prohibited from paying Apple to maintain its search as the default option on Apple devices, although the court retains the right to revisit this arrangement in the future [1] Group 2: Market Reaction - Following the court's decision, Google's stock rose over 7%, closing at $226.77 [1] - The market interpreted the ruling as a "sell the news" scenario, suggesting that the negative implications were already priced in [1] - The ruling allows Google to continue paying distribution partners for pre-installing Google Search, Chrome, or its generative AI products, further supporting its business model [1]