In a recent antitrust court ruling, Google’s parent company, Alphabet, was largely favored, with a provision requiring the sharing of valuable search data with competitors, benefiting rivals in the AI race. The ruling had a positive impact on Alphabet’s stock, reaching a 52-week high of $235.76 on Sept. 5.

Despite concerns after last year’s antitrust lawsuit loss, Alphabet’s future growth remains intact, as the recent court ruling imposes restrictions that are unlikely to significantly alter its business. The most impactful requirement is for Google to share search data with competitors, benefiting AI development and competition.

Alphabet’s success in AI is evident with a revenue jump to $96.4 billion in Q2, driven by Google’s search usage and AI features. Google Cloud’s revenue also saw a strong 32% increase to $13.6 billion. The company’s AI app, Gemini, had over 450 million monthly active users in Q2.

While Alphabet avoided major harm in the recent court ruling, another antitrust case looms over its advertising business. Despite this, Alphabet’s shares remain a better value compared to competitors like Meta Platforms and Microsoft, as indicated by its lower P/E ratio.

The court’s decision on data sharing may not hinder Alphabet’s AI success, with ongoing revenue growth and lower valuation compared to rivals. Investors are advised to consider the company’s strong start in AI and long-term growth potential when considering investing in Alphabet stock.

Read more at Nasdaq: Is Alphabet Stock a Buy After the Latest Antitrust Ruling?