Alphabet and Google CEO Sundar Pichai will meet with Polish Prime Minister Donald Tass on Google for a startup held in Warsaw, Poland on February 13, 2025.
Klaudia Radecka | nuphoto | Getty Images
From courtrooms to conference rooms, it was a big week for tech investors.
Google’s antitrust case resolution is alphabet and apple. Broadcom Shareholders supported a new $10 billion customer. and Tesla The stock was supported by a newly proposed pay package for CEO Elon Musk.
Adding that, the US high-tech industry $8 trillion companies won a market capitalization of $420 billion this week, increasing their total value to $21 trillion despite the slides. nvidia stock.
These companies currently account for around 36% of the S&P 500. This is a very good percentage of historical standards as Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, told CNBC in an email that there was “no comparison.”
There was a certain amount of irony about profits this week.
Wednesday’s 9% jump in the alphabet was directly linked to the US government’s efforts to reduce market control for search giants, which was part of a long-standing campaign to disband major technologies. Since 2020, Google, Apple, Amazon and Meta All anti-trust claims have been attacked by the Department of Justice or the Federal Trade Commission.
A year ago, Google lost to DOJ. As a result, many people were seen as the most important antitrust decision for the tech industry. Microsoft Over 20 years ago. However, in this week’s ruling, US District Judge Amit Mehta said Google would not be forced to sell Chrome browsers despite the losses in court, and instead took over a more limited penalty, including the requirement to share search data with competitors.
With this decision, Apple has unsubscribed Apple along with Alphabet. This is because businesses can stick to arrangements that include Google paying Apple billions of dollars a year and making it the default search engine for iPhones. Alphabet rose more than 10% a week, with Apple adding 3.2% and increasing Nasdaq 1.1%.
Analysts at Wedbush Securities wrote in a note after the ruling decided that “removing a huge overhang” to Google’s stocks “Black Cloud worries” that took Apple. They also said companies are clear about the path to pursue larger artificial intelligence contracts involving Google’s AI model Gemini.
“This will provide the basis for Apple to continue its contract and will likely ultimately double its more AI-related partnerships with Google Gemini in the future,” the analyst wrote.
Mehta explained that the main factor in his decision was the emergence of generator AI, a much more competitive market than traditional searches, dramatically changing the dynamics of the market.
New players like Openai, humanitarian and embarrassing are changing Google’s advantage, and generative AI technology “may still prove to be a game changer.”
On Friday, Alphabet investors shrugged another antitrust law from Europe. The company was fined 29.5 billion euros ($3.45 billion) by European Union regulators for its anti-competitive practices in the advertising technology business.
Broadcom Pops
Openai was an indirect catalyst between Google and Apple this week, but it was more directly linked to a huge gathering of Broadcom stocks.
On Thursday in a revenue report that surpassed Broadcom’s expectations, CEO Hock Tan told analysts that his chipmaker has secured $10 billion contracts with new customers.
Several analysts said the new customer is Openai and Financial Times reported on the partnership between the two companies.
Broadcom is the latest participant in The Trillion-Dollar Club thanks to the AI custom chips already used by Google, Meta and Tiktok parent bytedance. This week’s 13% jump has seen stock prices rise 120% over the past year, increasing Broadcom’s market capitalization to around $1.6 trillion.
A Barclays analyst maintained a purchase recommendation and raised the stock price target, saying, “The company is attacking all cylinders with a clear gaze for growth supported by a critical backlog.”
For other huge AI chip makers, last week wasn’t that good.
Nvidia’s shares fell more than 4% in the week that was shortened to holidays. This is the worst performance on Megacaps. Nvidia had no obvious negative news, but stocks have been falling for four consecutive weeks.
Still, Nvidia is the largest company by market capitalization, exceeding $4 trillion, an increase of 56% over the past 12 months.
Microsoft Also, this week it fell, and is on the extended slide, which will fall for five consecutive weeks. Stocks still rose 21% over the past 12 months.
On the other hand, Tesla was a group delay. The electric car manufacturer’s stocks have fallen 13% this year due to increased competition from low-cost Chinese manufacturers and slump in sales in multiple quarters, reflecting EVS’ aging lineup.
However, Tesla’s shares rose 5% this week, primarily driven by profits after Friday said they wanted investors to approve Musk’s pay plan, worth nearly $1 trillion.
Payments split into 12 tranches should see a big value rating for Tesla. This starts with the first award that won’t start until the company doubles its market capitalization to nearly $2 trillion.
Tesla Chairman Robin Denholm told CNBC’s Andrew Ross Sorkin that it was planned to “focus on motivating and providing the company” Musk, the world’s wealthiest person.
Watch: Tesla Board Chair for Elon Musk’s Payroll Plan
