Alphabet Inc., parent company of Google, dominates global markets in search, digital advertising, YouTube, Android, and cloud computing. With a market capitalization of $2.84 trillion, it leads the tech industry in AI and innovation. GOOG stock has outperformed the communication services sector, gaining 33.9% in the past three months.

Alphabet’s stock has gained 23% year-to-date and 53.9% over the past 52 weeks, outperforming the Vanguard Communication Services ETF over the same periods. The stock has remained above its moving averages since late July, indicating sustained upward momentum. Second-quarter revenues grew 13.8% year-over-year to $96.43 billion.

Alphabet recently avoided a severe antitrust ruling, with a judge issuing narrow restrictions instead of divestments. This news caused GOOG’s stock to gain 9% intraday. Compared to Apple Inc., Alphabet has significantly outperformed, with Wall Street analysts giving it a “Strong Buy” rating and a price target of $233.29.

Read more at Yahoo Finance: Is GOOG Outperforming the Communication Services Sector?