Landmark Ruling Sparks Alphabet Stock Surge

A major antitrust case that had threatened to dismantle Alphabet Inc. concluded with a decisive victory for the tech giant, sending its shares soaring to unprecedented levels. On September 2, the U.S. District Court in Washington delivered a pivotal judgment, rejecting the most severe demands from the Justice Department and removing the threat of a forced breakup.

The court’s decision triggered an explosive market reaction. Alphabet’s stock surged by more than 9 percent in a single trading session, propelling it to a new all-time high and adding approximately $230 billion to the company’s market capitalization. Trading volume soared well above average as investors celebrated the outcome.

Presiding Judge Amit Mehta dismissed the government’s push for a corporate breakup, Read more...