Google-parent Alphabet is facing pressure on two fronts—the government and a host of new AI-powered search rivals. It has the capacity to meet both challenges and its stock can continue to prosper.

In September, U.S. District Judge Amit Mehta ruled Google had illegally monopolized the search market with tens of billions of dollars in payments to ensure it remained the default search engine on smartphones and web browsers.

The US government late Wednesday asked a judge to order the dismantling of Google by selling its widely used Chrome browser in a major antitrust crackdown.