Google CEO Credits Trump for Antitrust Win as Tech Giants Surge Past $21 Trillion Market Cap

In a dramatic shift for the tech industry, Google CEO Sundar Pichai publicly thanked President Donald Trump for his assistance in resolving the nearly two-year-old antitrust lawsuit against the search giant. The 2020-filed lawsuit accused Google of maintaining an illegal monopoly on internet search. This week, U.S. District Judge Amit Mehta avoided the toughest measures, allowing Google to avoid an antitrust breakup and keep its lucrative alliances, including its deal with Apple to serve as the default search engine on iPhones.

At a White House dinner with tech executives, Pichai expressed relief, stating, “I’m glad it’s over,” and praised the administration’s constructive dialogue. The ruling triggered a surge in Alphabet’s stock, adding $230 billion to its market cap. Apple also saw gains, with analysts suggesting the decision clears the path for deeper AI collaboration between the two companies.

The broader tech sector applauded as eight trillion-dollar companies contributed over $420 billion to their combined market cap in value, reaching a total of $21 trillion—now representing 36% of the S&P 500. The move also celebrated the nascent movement of generative AI as a disruptive force that guided the court in limiting regulatory overreach.

While Google is required to share some of its search index and user activity, it still retains the control over syndication of this information. The company also continues to have an independent case pending from Trump over YouTube suspending his accounts, although both parties are reported to be in talks.

This settlement represents a landmark in the equilibrium between regulation and innovation with AI policy and technology dominance on the national strategy agenda.