Alphabet Within Striking Range of $3 Trillion as Key Risk Clears

Alphabet Inc. shares are suddenly unshackled after a long-awaited antitrust ruling removed a key risk that’s weighed on the stock for months.

The decision by a US district court judge Tuesday enabled Google’s parent to avoid the most punitive measures sought by regulators, including the sale of its Chrome browser. That sent the stock up nearly 11% over the past three days, including Friday’s 0.7% advance. The climb has put it within striking distance of a $3 trillion market value. With the case now out of the way, investors are turning their attention back to the potential for gains in Alphabet’s stock, which is the cheapest among the Magnificent Seven despite the recent rally.