Google Fuels $420B Megacap Rally as Nvidia Slides Again
In three days, eight trillion-dollar tech giants saw their combined market value jump by $420 billion in a megacap rally led by Google’s 10% gain after a US court ruled on its antitrust case. Judge Mehta’s decision, forcing Google to share search data instead of breaking up the company, spurred Alphabet’s shares up 9% in one session and buoyed Apple. Broadcom also rose 13% after revealing a $10 billion AI chip deal, likely with OpenAI. Meanwhile, Nvidia slid 4%, marking its fourth straight weekly loss, and Microsoft extended a five-week downturn. Tesla bucked its yearly decline with a 5% gain on news of a potential $1 trillion CEO pay plan. This megacap rally underscores shifting investor focus on antitrust outcomes and AI partnerships in the tech sector.
Neutral
This report focuses on Big Tech stocks and AI partnerships, with no direct mention of cryptocurrencies or blockchain projects. While the megacap rally may signal improved risk sentiment and higher liquidity, its impact on crypto markets is indirect. Historically, tech sector strength can support broader risk-on environments, but without specific crypto catalysts, this news is unlikely to shift short-term trading in digital assets. Long term, sustained gains in technology and AI may boost institutional interest in blockchain applications, yet the immediate effect on cryptocurrency prices remains neutral.