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Alphabet Briefly Overtakes Nvidia in After-Hours Trading, Market Value Reaches $4.8 Trillion

GateNews
Stocks

According to CNBC, Alphabet briefly overtook Nvidia in after-hours market value this week after strong quarterly results. Alphabet ended the week at $4.8 trillion, behind Nvidia at $5.2 trillion, with shares rising about 160% over the past year as investors warmed to its AI and cloud businesses.

Alphabet's cloud backlog nearly doubled to $462 billion. A report indicated Anthropic planned to spend $200 billion on Google Cloud over five years, with Mizuho estimating about $61 billion of the backlog through 2027 could come from Google's tensor processing units.

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