The year Washington tried to humble Big Tech

Published On Dec 27, 2024, 4:00 AM

In 2024, the U.S. government intensified its scrutiny of major tech companies, especially Google, which was found to have violated antitrust laws. This marked a significant legal victory for the Justice Department, reminiscent of past actions against monopoly cases like those involving AT&T and Microsoft. Google may face divestiture, which is set to be addressed in future court proceedings. Other tech giants like Apple, Amazon, and Meta also face increasing antitrust pressure, causing uncertainty in market opportunities. Despite these developments, tech stocks like Apple, Amazon, and Alphabet (Google's parent) have not seen market panic, with Alphabet achieving record highs thanks to their advances in artificial intelligence.

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Stock Forecasts

AI prediction results, not representative of any investment advice.

GOOG

Negative

With major antitrust actions taking place, particularly against Google, there's potential for volatility and regulatory scrutiny in the tech sector. However, given the current market trends and strength in AI integration among these companies, they may still thrive in the long run unless more severe outcomes materialize from regulation efforts.

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