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Alphabet and Apple shares rallied following a favorable decision for Google in the remedies portion of the antitrust case. Broadcom got a big boost from a new $10 billion customer.
The EU on Friday slapped Google with a massive 2.95 billion euro ($3.47 billion) antitrust fine for favoring its own advertising services, despite President Donald Trump's warnings not to target US big tech.
President Donald Trump threatened to launch a trade investigation to "nullify" Europe's fines against Google and other U.S. tech firms.
The case comes after a US judge gave Google a light punishment for operating an illegal monopoly in online search.
Alphabet jumps as U.S. judge blocks harsh DOJ remedies, while AI-driven Search growth fuels investor optimism.
Reddit's surging ad revenue, user growth and new tools position it for greater upside potential over Alphabet.
A federal judge's decision this week, allowing Google GOOG to maintain its Chrome browser and dominant search business, has Wall Street breathing a sigh of relief.
The European Commission fined Google 2.95 billion euros ($3.45 billion) for distorting competition in the so-called adtech market. The Commission accused Google of unfairly favoring its own display advertising technology services and called on the company to end the alleged practice.
The move by the European Commission was triggered by a complaint from the European Publishers Council and comes amid a threat by President Trump to retaliate against the European Union for any push against Big Tech.
CNBC's MacKenzie Sigalos joins 'Money Movers' to discuss reports that the European Union is fining Google over its AdTech practices.