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Alphabet Shares on Wednesday grew by 6%when investors viewed Google Antimonopoly Case result Also widely favorable for the technological giant.
The US Department of Justice suggested a peculiar gap of Google, which included deprivation of its chrome browser in the antitrust case that began in September 2023.
While Google has been discovered Amite Macht ruled against the most severe consequences offered by Doj.
Google will not have to deprive Chrome. The company may also still make payments to companies for pre -loading products, but it cannot have exclusive contracts that make payments or licensing.
This means that Google will still be able to pay Apple billions of dollars to become a default search engine.
Apple The stocks were also higher in Premarket trade.
“This is the Monster’s victory for Cupertino, and Google is a home -based resolution that eliminates a huge stomach,” Daniel Jus, Head of World Technological Research Studies at the Wedbush Securities said in a note on Tuesday.
Google faces rising competition in its main search business, surprisingly and Openai. But the company still reflected problems with its problems The advertising business is still growing.
Google has secured its hopes to become the main player of artificial intelligence on Gemini, a set of AI models and chatbot that goes the same name.
“Upon today’s notice, we are increasingly constructive in Google’s long-term strength and promoting our estimates accordingly,” Jus said, adding that he now has a new $ 245 target per stock.
The ruling also means Google will not have to deprive the Android operating system that it develops.
Android is seen as a key tool for Google to increase the number of users for Gemini, given that about 70% of smartphones are launching an operating system on the global scale, which gives US technology giants an existing user base.
. Jennifer Elias CNBC contributed to this report.
