Alphabet stock jumped over 7% on Tuesday after a judge ruled that Google can keep Chrome and Android but must share data with rivals, a decision reshaping competition and boosting Apple, too.

This decision will allow Apple to continue collecting billions from Google for search defaults and strengthen Apple’s bottom line, which Morgan Stanley analysts estimate is worth about $20 billion annually. Apple rose 3% after the news.

It also preserves Google's role as the default search engine on iPhones, meaning users will not notice much change, but also keeps rivals like DuckDuckGo or Bing at a disadvantage.

Smaller search startups lose out on exposure, limiting choices for users seeking stronger privacy protections or fresh innovations. Rivals like DuckDuckGo, which market themselves as

See Full Page