The First $6 Trillion Company May Not Be Nvidia

Alphabet (primary: GOOG.OQ) is closing in on Nvidia as the world’s most valuable company after Google shares surged ~140% over the past year, adding roughly $2.6 trillion and pushing its market value to about $4.64–4.65 trillion. Nvidia (NVDA.OQ) still leads with a market cap near $4.85–4.86 trillion and a peak of $5.27 trillion on April 27, but Google’s recent AI-driven revenue gains, a record $462 billion cloud backlog and aggressive capex have narrowed the gap. If current relative gains hold into Nvidia’s May 20 earnings, Google could temporarily overtake Nvidia. The piece frames this as a performance shift among mega-cap AI beneficiaries, bullish for Google while underscoring ongoing strength and product roadmaps at Nvidia.