Alphabet at $4.8T and Nvidia at $5.2T Race to $10T Valuation
Alphabet contributed 6 percentage points to the S&P 500’s 16% rally since March 30, accounting for 25% of gains alongside Nvidia. Alphabet’s market valuation stands at $4.8 trillion as it intensifies AI investments in Search, Cloud and custom TPU chips while Nvidia leads at $5.2 trillion toward a $10 trillion milestone.
1. S&P Rally Concentration
The S&P 500 has climbed 16% since March 30, but just 10 stocks accounted for 69% of the advance, with Alphabet and Nvidia alone contributing 25% of total gains. Alphabet’s stock added roughly 6 percentage points to the index rally as investors favored AI-driven leaders.
2. Race to $10 Trillion Valuation
Nvidia leads the charge with a $5.2 trillion market valuation, while Alphabet sits at $4.8 trillion, both vying to be the first public company to hit $10 trillion. Alphabet is deploying AI across Google Search, Google Cloud and custom TPU development to sustain long-term growth, contrasting Nvidia’s chip-focused momentum.