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Nvidia passes Alphabet in market cap and is now the third most valuable U.S. company

PUBLISHED WED, FEB 14 20245:33 PM EST

Kif Leswing @KIFLESWING

KEY POINTS
  • The symbolic milestone is more confirmation that Nvidia has become a Wall Street darling on the back of elevated AI chips sales.
  • Nvidia is valued even more highly than the large software companies and cloud providers that developed many of the AI techniques that power the boom.
  • Nvidia is now the third largest U.S. company, only behind Apple and Microsoft.

FOR EDUCATIONAL AND KNOWLEDGE SHARING PURPOSES ONLY. NOT-FOR-PROFIT. SEE COPYRIGHT DISCLAIMER.