Google’s parent Alphabet hits $3 trillion market cap amid Big Tech’s AI momentum in the US market

(Reuters) – Google parent Alphabet hit a market capitalization of $3 trillion for the first time on Monday, riding on renewed optimism around artificial intelligence and a favorable antitrust ruling.

Class A shares of the company were up 3.8% at $250, while Class C shares climbed 3.7% to $250.4 – both trading at record highs.