Nvidia Market Cap Threatens Alphabet, Surpasses Amazon in Wall Street Rankings

Feb 14, 2024

Nvidia Market Cap

In the modern world, any activity related to artificial intelligence is on the rise. This process is most obvious in stock markets. Let’s highlight several outstanding happenings for today.

The superior AI chipmaker Nvidia is poised to overtake Alphabet as Wall Street’s third most valuable company, marking a significant milestone in Nvidia market cap history. 

On February 13th, Nvidia’s market capitalisation coursed above Amazon’s for the first time in twenty years, fueled by the rising demand for its graphics processors in the AI market. 

While Nvidia’s shares experienced a slight dip of 0.17%, its market value reached $1.78 trillion, eclipsing Amazon’s $1.75 trillion, which saw a decline of 2.15%. Meanwhile, Google-owner Alphabet witnessed a stock dip of 1.62%, leaving its market capitalisation at $1.81 trillion.

Nvidia has developed as a key beneficiary in the tech industry’s race to integrate AI into various products and services. The scarcity of its graphics processors has become evident as significant players like Meta Platforms and other tech giants scramble to secure billions of dollars worth of Nvidia components. 

In a recent client note, Mizuho raised Nvidia’s price target to $825 from $625, indicating bullish sentiments ahead of the company’s quarterly results slated for Feb. 21.

Overview of Stocks Like Nvidia

Despite lead times for Nvidia’s top-shelf H100 processor showing a decline, the overall demand continues to outstrip supply, according to Mizuho analyst Vijay Rakesh. Rakesh further emphasised Nvidia’s substantial AI upside potential, along with companies like Broadcom and Advanced Micro Devices (AMD). 

With Nvidia commanding approximately 80% of the high-end AI chip market, its stock has witnessed a staggering 46% surge this year, following a more than tripling value throughout 2023. This growth trajectory underscores the profound optimism surrounding AI-related investments, with tech giants like Microsoft and Meta also reaching record highs.

Alphabet Stocks

Although a formidable player in the AI landscape, Alphabet has faced challenges in meeting investors’ high expectations. Despite integrating chatbot technology into its Google search engine and marketing generative AI tools to cloud customers, Alphabet’s stock experienced volatility. 

While it hit an all-time high, its quarterly report in January failed to meet expectations, leading to a subsequent drop in share prices. Overall, Alphabet’s stock maintains a 4% increase in value in 2024.

Microsoft Stocks

In the broader context, Microsoft recently surpassed Apple to become the world’s most valuable company, valued at over $3 trillion. Meanwhile, Apple, often seen as trailing in the AI race, has experienced a 4% drop in its stock value in 2024. 

Bottom Line

Nvidia’s stock forecast is more than promising among stocks similar to Nvidia. Its dominance in the AI chip market and market cap trajectory underscores the evolving landscape of tech investments, with implications for investors and industry competitors.

Subscribe Our Newsletter

European Markets Mixed As Investors Weigh Up Omicron Concerns
European Markets Mixed As Investors Weigh Up Omicron Concerns

Equities in Europe fell last Friday as investors digested the Bank of England's (BoE) unexpected interest rate move and additional limitations imposed as a result of the Omicron strain's spreading.

Stocks
European Markets Fall As Traders Watch Rising COVID Cases And Expected Rate Hikes
European Markets Fall As Traders Watch Rising COVID Cases And Expected Rate Hikes

The effect of earlier than expected rate rises in the US and a spike of new reported coronavirus infections weighed on European stock markets on Monday. The FTSE 100 in London sank 0.4 percent after the bell, while the CAC in France also down 0.4 percent after opening and the DAX in Germany fell 0.2 percent.

Stocks
B2BROKER Liquidity B2BROKER Liquidity
Sponsored
Hazem

Max Funded IUL Explained: Is It a Legitimate Financial Strategy?
Max Funded IULs is an advanced financial strategy to gain from life insurance policies and get tax-free income after you retire. Here’s how it works.

discover
The Future of Stablecoins and Central Bank Digital Currencies (CBDCs)

Constantine

The Future of Stablecoins and Central Bank Digital Currencies (CBDCs)

In economics, the crypto market is a kind of "gray area," i.e., a classic shadow economy, because crypto unequivocally challenges the state monopoly on money issuance.

Blockchain
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Сonstantine

    How to Choose the Right Liquidity Provider for Your Brokerage

    How to Choose the Right Liquidity Provider for Your Brokerage

    Сonstantine

    Low-Latency Trading Defined: Speed, Strategy and Technology

    Low-Latency Trading Explained

    Hazem

    How Liquidity Depth Affects Slippage in High-Volume Trading

    Liquidity depth and slippage in trading

    Hazem

    What is FIX API Liquidity Connection and How Does it Power Institutional Trading?

    FIX API in institutional trading

    Сonstantine

    OTC Trading Strategies and Technologies to Succeed in Over-the-Counter Markets

    OTC Trading Strategies

    Alexander

    What is OTC Trading? A Complete Guide for 2025

    what is OTC

    Alexander

    Synthetic Futures: A Trader’s Guide to Replicating Positions with Options

    How to Trade Synthetic Futures

    Сonstantine

    Order Book Depth: What It Is And Why It Matters?

    Order Book Depth What It is And Why It Matters

    Alexander

    Spot vs Perpetual Futures: Which Is Right for You?

    Spot vs Perpetual Futures explained

    Hazem

    5 Reasons Traders Are Switching to Perpetual Futures

    5 Reasons to Switch to Perpetual Futures

    Constantine

    Top 3 Liquidity Challenges Facing New Exchanges and How to Solve Them

    Top 3 Liquidity Challenges Facing New Exchanges Today

    Constantine

    Financial Planning in the Cryptocurrency Era — Master Crypto and Digital Asset Strategies

    Financial Planning in the Cryptocurrency Era

    Hazem

    Best Platforms to Trade Perpetual Futures in 2025

    Best platforms to trade perpetual futures in 2025

    Alex

    Top 10 Fintech Website Development Agencies for 2025

    Best Fintech Website Development Agencies for 2025

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025

    Alex

    What Is an AI Agent? The Future of Finance Explained

    AI Agent Explained

    Constantine

    How to Start a Liquidity Provider Business?

    How to Start a Liquidity Provider Business
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.