Alphabet (GOOGL) Hits $3 Trillion Market Cap, Analyst Predicts Growth

Google (GOOGL) parent Alphabet hit a market cap of $3 trillion, joining Apple, Microsoft, and Nvidia in the elite club.

Citi analyst Ronald Josey predicts continued growth for Google due to its AI models and cloud offerings. Despite facing competition from AI startups, Google still holds an advantage with its expansive product portfolio. However, Google is still navigating regulatory challenges, including an online advertising antitrust lawsuit and scrutiny from the Federal Trade Commission.

While Google’s search business faces pressure, the company remains optimistic about growth in other areas.