Alphabet Stock Hits All-Time High as Antitrust Ruling Clears the Way for More AI Growth

Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) trailed the market for much of the year, despite posting strong financial results. The reason behind the company's poor performance was its antitrust case, one of the most high-profile ones in years. The market was concerned about the worst-case outcome for these legal troubles and somewhat factored that into Alphabet's share price. However, the tech giant recently won a significant victory on that front, leading to its share price soaring and hitting an all-time high. Let's examine these recent developments further and determine whether it's still worthwhile to buy Alphabet stock.Image source: Getty Images.A federal judge had already ruled that Alphabet holds a monopoly in internet search. The tech leader was waiting for its sentence. Regulators wanted to break up the monopoly by forcing Alphabet to divest Google Chrome, the world's most popular browser. That would have meant a major hit to the tech company's most important source of revenue, advertising, since Alphabet uses the browser to maintain its dominance in search (it is the default engine on Chrome), collect data to help guide targeted ad campaigns, and more.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool