Google Stock Soars 7.9% After Judge's Ruling on Chrome

On September 3, the stock price of Alphabet, the parent company of Google, surged by 7.9%, reaching a historic high. This significant increase was driven by a ruling from a U.S. federal judge on September 2, which allowed Google to retain its Chrome browser but prohibited it from signing exclusive search agreements. The judge's decision was based on the rationale that artificial intelligence provides consumers with more choices, thereby avoiding the worst-case scenario for the tech giant. The ruling also means that Apple can continue to pre-install Google Search on iPhones, a lucrative arrangement for both companies.

The judge's decision to allow Google to keep its Chrome browser and share its search data with competitors was seen as a victory for the company. This ruling removed a significant regulatory uncertainty, which is expected to add over 213 billion dollars to Google's market value. The decision also means that Google can continue to pay partners to maintain product distribution, although it is prohibited from signing exclusive agreements with device and browser manufacturers.

The ruling comes at a time when the tech industry is facing increased scrutiny from regulators. The decision to allow Google to keep its Chrome browser and share its search data with competitors is seen as a way to promote competition in the online search market. The ruling also means that Google can continue to pay partners to maintain product distribution, although it is prohibited from signing exclusive agreements with device and browser manufacturers.

This decision is expected to have a positive impact on Google's stock price, as it removes a significant regulatory uncertainty and allows the company to continue its operations as usual. The ruling also means that Google can continue to pay partners to maintain product distribution, although it is prohibited from signing exclusive agreements with device and browser manufacturers.