Over the past year, Alphabet?has gone from an artificial intelligence afterthought to the one firm in the market with dominant positions in nearly every aspect of the technology. Now it¡¯s on the brink of overtaking AI chip giant Nvidia?as the largest company in the world.
¡°Alphabet holds a significant spot in almost every corner of the AI ecosystem, and the combination of everything it offers puts it in a prime position to be the biggest winner of AI,¡± said Luke O¡¯Neill, chief investment officer at CooksonPeirce Wealth Management, which owns stakes in Alphabet and Nvidia.
Google¡¯s parent closed Friday with a market capitalization of $4.8 trillion. Nvidia was below that level on Tuesday, but a three-day rally into the end of the week pushed it to $5.2 trillion.
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