# Alphabet is nearing Nvidia's valuation, driven by a strong stock rally fueled by its AI advancements and robust cloud business.

*genai · news · 2026-05-05 · The Economic Times*

## Key points

- Alphabet's Google Cloud revenue grew 63% in Q1, its highest rate since 2020 segment reporting.
- Google has begun selling its custom AI chips, directly competing with Nvidia's semiconductors.
- Alphabet's shares have risen 24% this year, outpacing Nvidia's 7% increase.
- Alphabet now trades at 29 times forward earnings, above its five-year average and the S&P 500.

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

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/us-stocks/news/us-market-today-alphabet-closes-in-on-nvidias-spot-as-worlds-biggest-company/articleshow/130832852.cms)

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