business / news / / Times of India
Google-parent company Alphabet is on the verge of overtaking chip giant Nvidia to become the world's most valuable company.
Alphabet's market cap is now only $120 billion behind Nvidia, nearing a historic overtake.
KEY POINTS
- Google Cloud grew 63% in Q1, its highest quarterly growth since 2020 segment disclosures began.
- Google has begun selling custom-built AI chips (TPU 8t, TPU 8i), directly competing with Nvidia.
- Nvidia's stock dropped after OpenAI missed key user and revenue milestones, weakening AI hype.
- Alphabet’s market value now surpasses the entire stock markets of Germany and Switzerland combined.
COMPANIES
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