Alphabet's Market Value Reaches $4.6 Trillion, Poised to Surpass NVIDIA
Boosted by better-than-expected earnings, Alphabet's stock surged 10% on Thursday (April 30th), with a year-to-date increase of 140%, pushing its market value past $4.6 trillion. The company's revenue, announced on Wednesday, exceeded analyst expectations, with Google Cloud revenue surpassing $20 billion.
Currently, the world's most valuable company remains NVIDIA, the AI chip leader, with a market value approaching $4.9 trillion. However, due to reports that its business partner OpenAI failed to meet internal revenue and growth expectations, NVIDIA's stock has fallen by over 6% in the past two days.
If NVIDIA fails to rebound in its earnings report released on May 20th, options market forecasts predict that Alphabet could reach the top of the global market value rankings as early as May 15th. To achieve this, Alphabet's market value needs to catch up to NVIDIA's current level, requiring a further increase of approximately 4% to around $401 per share.
Options traders believe the probability of Alphabet's stock reaching $401 between now and May 15th is around 53%.
According to ThinkOrSwim data, the probability of Alphabet's stock closing above $400 on May 22nd (the Friday after NVIDIA's earnings release) is approximately 30%.
It is worth noting that Alphabet last held the title of the world's most valuable company in 2016, when it briefly surpassed Apple to reach the top spot.