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Business Insider

Nvidia is now worth more than Alphabet and Amazon

Nvidia Passed Google Owner Alphabet to Become America’s Third Most Valuable Company on Wednesday

Nvidia is now worth more than its Big Tech rivals Alphabet and Amazon — as well as the entirety of China’s stock market. The chipmaker’s market capitalization passed Amazon’s on Tuesday and Alphabet’s on Wednesday to stand at $1.83 trillion at Wednesday’s closing bell.

Nvidia has AI to thank for its stock surging more than 400% since the start of 2023. It holds a dominant share of the market for the graphics processing units (GPUs) that power large language models like ChatGPT, so stock pickers have long heralded it as a potential winner from the massive explosion of interest in the tech.