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Alphabet (GOOG) Jumps 9% as Firm Spared From Forced Google Chrome Sale

We recently published 10 Stocks Leaving the Market in the Dust. Alphabet Inc. (NASDAQ:GOOG) is one of the best performers on Wednesday.

Alphabet Inc. grew its share prices by 9.01 percent on Wednesday to end at $231.1 apiece as investors cheered a court ruling that spared the company from being forced to divest its search engine Google Chrome.

In his decision, US District Judge Amit Mehta sided with Alphabet Inc. (NASDAQ:GOOG) following a landmark antitrust case that could have required the company to divest the search engine.

Image by Photo Mix from Pixabay

The legal case stemmed in 2020 after the Department of Justice (DOJ) filed a lawsuit against Alphabet Inc. (NASDAQ:GOOG), claiming that the latter violated the Sherman Antitrust Act of 1890 by illegally monopolizing the search engine and search advertising markets.

Overseen by Judge Amit Mehta, the court began the trial in September 2023. In August 2024, he ruled that Google indeed abused its monopoly on search.

Three months later, the DOJ asked the court to force Google to divest Chrome, later countered by Alphabet Inc. (NASDAQ:GOOG) with its own softer measures.

This month, Mehta officially ruled that Alphabet Inc. (NASDAQ:GOOG) be spared from divesting its search engine, but said that the company must end exclusive search engine contracts.

While we acknowledge the risk and potential of GOOG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than GOOG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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