Alphabet nears $5T market cap, poised to surpass Nvidia as world's most valuable company soon

Shares of Alphabet, Google's parent company, surged 10% recently, pushing its market cap over $4.6 trillion and nearing $5 trillion. This rise follows strong revenue beats, including Google Cloud surpassing $20 billion. Meanwhile, Nvidia's stock dropped over 6% amid concerns about OpenAI's missed revenue targets. Options market data suggests Alphabet has a 53% chance to surpass Nvidia's market cap by mid-May, potentially becoming the world's most valuable company again for the first time since 2016.