Google's stock has rallied sharply—from about $88 in early 2023 to roughly $225 today, a 2.5x gain—yet it may still have considerable upside. What could lift the shares beyond $400 over the next few years?
Alphabet (GOOGL) shares jumped Wednesday after a federal judge ruled Google doesn't have to sell its flagship Chrome browser, alleviating worries it could be forced to break up its business.
The stock popped 6% in premarket trading, adding tens of billions in market value within hours.
Google avoided a forced breakup in the antitrust case, boosting investor confidence and sending the stock up over 7% in after-hours trading. Despite being required to share data with rivals, Google's strong earnings, robust advertising growth, and cloud momentum support my continued conviction in the stock. Waymo and YouTube remain key growth pillars, while Google's financial strength allows for heavy AI and autonomous vehicle investment without jeopardizing stability.
Alphabet Inc (NASDAQ:GOOGL) stock gave the Nasdaq-100 Index (NDX) a lift this morning.
Alphabet shares rose nearly 6% in premarket trade on Wednesday as investors viewed the result of Google's antitrust case as broadly favorable.
Google parent Alphabet Inc (NASDAQ:GOOG) soared in afterhours trading after a US judge's ruling indicated that it will not have to separate off its Chrome browser business. Alphabet Class A shares rose 7.1% to $226.30 and Apple Inc (NASDAQ:AAPL, ETR:APC) rose 3%, after Judge Amit Mehta ruled that the ongoing $20 billion search deal between the two tech behemoths will remain and not be barred in its current form.
Google's shareholders had plenty to celebrate in after-hours trading on Tuesday, September 2nd, with the stock jumping 6% following what can only be described as a major legal victory after a federal judge ruled that Google won't be forced to sell its Chrome browser as part of the antitrust penalties – a decision that removes one of the biggest clouds hanging over the tech giant.
Google avoided divesting Chrome in an antitrust ruling, boosting its stock 6.7% in after-hours trading. Analysts see the ruling as largely favorable for the search giant and raised Google's stock targets.
Shares of Google's parent company popped in after-hours trading, after a federal judge ruled that the tech giant doesn't have to sell its Chrome browser, a major win for the search giant that soothes worries it might have had to give up a key part of its business.
A US federal judge has ordered a major makeover of Google's search engine in a crackdown aimed at addressing the damaging effects of monopolistic practices.
The judge's decision positions Google to keep its search business running largely without interruption.