GOOGL: Alphabet Surges 3.6% to Fresh All-Time High Under $200. What’s Driving the Run?

Shares of the tech heavyweight are on the brink of crossing $200, valuing the company as the fifth largest in the world at $2.4 trillion.

• Alphabet stock GOOGL extended its record-setting run by another 3.6% on Monday to a fresh new all-time closing high of $196.66 a share. The tech giant is still riding the news of its ground-breaking, universe-shaking quantum chip that’s unfathomably fast and solves complex equations in minutes that would take eternity. As an added bonus, it may also prove that we are living in a multiverse with parallel worlds all at once.
• The surge lifted Alphabet’s market capitalization to more than $2.4 trillion, ranking it fifth on the world’s biggest companies board. The Google parent has been catching up to its tech peers in the breakneck AI race with its own artificial intelligence products jammed in its cloud computing and search engine. Shares of Alphabet have risen 42% on the year but not without some major shake ups and threats from the outside.
• Google is fending off big challenges from regulators and the Biden administration. While the company is figuring out a 30-year old error-correction problem with its quantum chip, the Department of Justice is asking for the breakup of its business. In April 2025, Judge Amit Mehta will oversee a trial that will try to force Google to spin off its Chrome browser due to alleged monopoly and “decadelong harm” on competitors.