Nvidia Corp. (NASDAQ:NVDA) and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) have quietly become the two most dominant forces inside the Magnificent Seven, riding different paths to the same destination: artificial intelligence supremacy.
Nvidia’s GPUs remain the backbone of the global AI buildout, powering everything from data centers to cutting-edge model training.
Alphabet, meanwhile, is pushing its own vertically integrated AI stack — from custom TPUs to Gemini — embedding intelligence directly across Search, Cloud and consumer products.
The market thus far has rewarded both approaches. Nvidia is up 33% year-to-date through Dec. 17, while Alphabet has surged 62%.
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Zooming out further tells an even more dramatic story: since early 2023, Alphabet shares are up roughly 250%, while Nvidia has delivered a staggering 1,120% return.
That explosive run has made Nvidia the world’s biggest company today, with a market capitalization of about $4.318 trillion — even briefly touching $5 trillion earlier this year. Alphabet ranks third at approximately $3.7 trillion, behind Apple’s $4.05 trillion valuation.
Yet traders see a far closer race ahead.
On Polymarket, both Nvidia and Alphabet are assigned a 35% probability of being the world’s most valuable company by the end of 2026.
A $100 bet on Alphabet overtaking Nvidia to become the world’s biggest company by the end of next year would pay out $265 if it happens — with nearly identical returns available for those wagering that Nvidia holds onto the crown.
Apple Inc. (NASDAQ:AAPL) trails with a 14% chance, followed by Microsoft Corp. (NYSE:MSFT) at 9%.
Tesla Inc. (NASDAQ:TSLA) and Amazon.com Inc. (NASDAQ:AMZN) sit further back, at 4% and 3%, respectively.
This article Nvidia Vs. Alphabet: Which Could Be The World’s Biggest Company By End-2026? originally appeared on Benzinga.com
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