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The global market cap hierarchy is on the verge of a historic reshuffle as Alphabet (GOOG) (GOOGL) closes the gap with artificial intelligence (AI) darling — Nvidia (NVDA).
As of writing, the multinational’s valuation has climbed to nearly $4.7 trillion, fueled by a notable 22% rally since the start of this year, significantly outpacing NVDA’s 7% year-to-date gain.