Why Shares of Alphabet Stock Climbed 14% Last Month

Shares of Alphabet (NASDAQ: GOOG) climbed 14% higher in September, according to data from S&P Global Market Intelligence. The parent company of Google, YouTube, and Google Cloud was helped by an antitrust ruling and new artificial intelligence (AI) services it launched last month. As one of the megacap technology stocks, Alphabet stock is up close to 50% in the last year and increasingly seen as a winner in the AI boom.Here's why the stock climbed to new all-time highs yet again in September.In early September, Alphabet received an update on its antitrust case with Google Search. A judge gave out remedies for the company after determining it was a monopoly in the search engine space. However, with the rise of new AI tools like ChatGPT, the judge's remedies were not harsh on Google, allowing it to keep its Google Chrome browser and Android operating system under the same corporate umbrella. Alphabet shares jumped on the news that its ecosystem of consumer internet services was not going to be broken up.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool