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After months of navigating regulatory hurdles and the constant looming threat of being forced to divest its Chrome browser by the U.S. Department of Justice (DOJ), Alphabet’s (GOOGL) Google has finally started to see brighter days on Wall Street. Earlier this month, a federal judge handed down an antitrust ruling that came in far lighter than investors feared, and, most importantly, confirmed that Google won’t have to sell its Chrome browser.
That clarity helped lift a major cloud over GOOGL stock, and sparked a surge in confidence. Of course, the market wasted no time rewarding the news. Following this favorable ruling, the company added billions of dollars in market value. On Sept. 15, the stock closed up roughly 4.5% to become the fourth company to officially join the $3 trillion market capitalization club, a rarefied space shared only by Nvidia (NVDA), Microsoft (MSFT), and Apple (AAPL).
