Nvidia's Dominance Tests Alphabet's Ambition
Nvidia's dominance in the tech world has Alphabet, the world's third-largest company, wondering if it can take over as the top dog by 2027.
The current market capitalization gap between Nvidia and Alphabet is significant, with Nvidia valued at about $5.4 trillion compared to Alphabet's $4 trillion.
Alphabet has been working hard to close this gap through its investments in AI and cloud computing, including its Google Cloud platform, which saw an 82% growth rate in the second quarter of last year.
However, Nvidia is expected to continue growing at a rapid pace, with a projected 70% growth rate next year, making it difficult for Alphabet to catch up.