# Alphabet is closing in on semiconductor giant Nvidia in the race to become the world’s most valuable public company.

*business · news · 2026-05-02 · Finbold*

## Key points

- Alphabet's market cap gap with Nvidia has narrowed to about $188 billion.
- Google Cloud revenue surged 63% year-over-year to over $20 billion in Q1 2026.
- Alphabet's custom TPU development gives it exposure across the entire AI stack.
- Waymo's rapid expansion is providing Alphabet a new growth engine beyond ads and cloud.
- Alphabet's cloud backlog is estimated at $460 billion, boosting investor optimism.

**Companies:** Alphabet, Nvidia
**Countries:** United States

[Read the full story on Finbold](https://finbold.com/google-just-under-200-billion-from-overtaking-nvidia-as-worlds-largest-company/)

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