Markets Daily

Investors Cheer as Alphabet Goes From AI Zero to Hero

The Google parent is challenging Nvidia for the title of world’s largest company.
The Google headquarters in California.Photographer: Benjamin Fanjoy/Bloomberg
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Not so long ago, Alphabet was an AI afterthought. Now the Google parent’s multifaceted approach to the technology is putting it in position to take the title of world’s largest company from Nvidia.

“Alphabet holds a significant spot in almost every corner of the AI ecosystem, and the combination of everything it offers puts it in a prime position to be the biggest winner of AI,” said Luke O’Neill, CIO at CooksonPeirce Wealth Management, which owns stakes in Alphabet and Nvidia.