Why Shares of Alphabet (Google) Are Soaring Today
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Shares of Alphabet (GOOG, GOOGL) surged approximately 8.4% following a federal judge's ruling that the company will not have to divest its Chrome search business amid a DOJ lawsuit alleging monopolistic practices. The ruling is seen as a significant victory for Google, allowing it to maintain partnerships with major companies like Apple. However, Google must avoid exclusive contracts that hinder competition and share some data to level the playing field. Analysts view this as a positive development for Alphabet's stock, which has been undervalued compared to its peers in the tech sector.
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