Currently, there are only three companies in the world with market caps exceeding $2 trillion. However, now every major company in the world is racing ahead in terms of AI. While only a few companies have succeeded so far, the competition is gradually intensifying. This change in circumstances is leading to significant changes in the dynamics of the stock market.
Nvidia makes a leap in market cap
Recently, riding on the wave of artificial intelligence, Nvidia has soared in the stock market. The boost provided by AI has propelled Nvidia to surpass several giants in the industry. Surprisingly, Nvidia has outpaced Google’s parent company Alphabet, Meta (formerly Facebook), Amazon, and Tesla.
Possibility of Google’s Entry
Now, Google’s shares, or rather its parent company Alphabet’s stock, are gaining momentum from AI. According to Bloomberg’s report, investors are showing confidence in Alphabet’s AI strategy, and as a result, the company’s shares are strengthening. As per information, due to this rapid growth, the company’s market cap could surpass $2 trillion.
World’s Largest Companies
If Google’s market cap exceeds $2 trillion, it will become the fourth such company globally, including the American market. Currently, only three companies listed on the American stock market have market caps exceeding $2 trillion.