Google parent Alphabet‘s (NASDAQ: GOOGL) (NASDAQ: GOOG) stock received a boost from an unexpected source: the courts. The stock rose 8% on Sept. 3 after a federal district judge ruled it would not have to sell its Chrome browser.
Although it will have to share data with its rivals, investors saw this ruling as a win. Additionally, with the rising share price, the artificial intelligence (AI) stock seems to have gained momentum in earnest, possibly igniting a long-awaited bull market in Alphabet.
Image source: Alphabet.