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The Investment Committee debates Alphabet's surge following Eddy Cue's report back in May that searches have declined.
Google has escaped a breakup of its Chrome browser in a major US competition case, but the judge imposed remedies whose impact remains uncertain just as AI starts to compete with search engines.
U.S. equities were mixed at midday, with tech stocks driving gains after a positive ruling from a federal judge in an antitrust lawsuit against Alphabet's (GOOGL) Google sent the tech giant's shares to an all-time high. The Nasdaq jumped nearly 1%, and the S&P 500 also advanced.
I reaffirm my Strong Buy rating on Alphabet Inc., as the antitrust ruling removes the breakup risk and preserves Chrome and the Apple deal. Regulatory clarity paves the way for multiple expansion, with Wall Street raising target prices and buybacks amplifying rerating potential. Alphabet remains undervalued versus peers despite double-digit growth, strong margins, and leadership in AI, Cloud, and digital distribution.
Google avoided a breakup in the antitrust remedies handed down Tuesday. Several employees celebrated internally with messages and memes.
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?
CNBC's MacKenzie Sigalos and Steve Kovach join 'Money Movers' to discuss Google's win on legal ruling, why it's behind Apple shares jumping and the impact of the ruling on the AI race.
Google's search antitrust trial ruling is a win for the tech giant, but a loss for many websites. Google was spared from divesting its Chrome browser and other major remedies.
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.
A federal judge ruled that Google can keep its Chrome browser but will be barred from exclusive contracts. Mark Mahaney, Evercore ISI head of internet research, joins CNBC's 'Squawk on the Street' to discuss the ruling, what drives Google's stock from here, and much more.