economy
A major shift could soon happen in the Mag 7
Quietly, shares of Google-parent Alphabet are on the verge of topping $5 trillion, and overtaking AI-leader Nvidia as the world's most valuable company.
TL;DR
- Alphabet's market capitalization is nearing $5 trillion, with shares gaining 140% in the past year.
- Alphabet reported revenue exceeding analyst estimates and Google Cloud revenue surpassing $20 billion.
- Nvidia's market cap is currently under $4.9 trillion and has recently declined.
- The options market indicates a potential shift in company valuation by May 15, depending on Nvidia's earnings report.
- Alphabet needs a roughly 4% stock increase to match Nvidia's current market capitalization.
- Alphabet last held the title of the world's most valuable company briefly in 2016.