genai / news / / The Economic Times
Alphabet is nearing Nvidia's valuation, driven by a strong stock rally fueled by its AI advancements and robust cloud business.
Alphabet's Google Cloud revenue grew 63% in Q1, its highest rate since 2020 segment reporting.
KEY POINTS
- 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
Summarized by Newsio from The Economic Times. How we summarize →