A major Mag 7 shift with Alphabet’s market cap set to pass Nvidia’s
Google CEO Sundar Pichai attended the Artificial Intelligence Impact Summit held in New Delhi, India, on Friday, February 20, 2026.
access point
Quietly, Google parent company shares Alphabet They’re on the verge of surpassing the $5 trillion mark and surpassing the AI leader Nvidia As the most valuable company in the world
And depending on option prices, this could happen sooner rather than later.
Alphabet shares rose after a 10 percent rise on Thursday, increasing the company’s 1-year earnings to 140 percent and its market value to over $4.6 trillion. The company reported revenue Wednesday that beat analyst estimates, with Google Cloud revenue topping $20 billion.
At the same time, AI Kingpin Nvidia, the world’s largest company, currently trading at a market cap of just under $4.9 trillion, lost more than 6% in two days following a Wall Street Journal report that partner OpenAI missed internal revenue and growth forecasts.
If Nvidia doesn’t rebound at or after its May 20 report — and the stock has actually fallen after four of the last five earnings reports — the options market says there’s a good chance Alphabet could trade as the world’s largest company as early as May 15.
Here’s the math: For Alphabet to reach Nvidia’s current market cap, the stock would need to rally another 4% or so, to about $401 per share.
Option traders rate the odds of hitting that level at some point between now and May 15 at about 53%, based on premiums paid for call contracts due to that strike.
According to data from ThinkOrSwim, Alphabet is likely to close above $400 on May 22, the Friday after NVIDIA’s gain is around 30%.
The last time Alphabet was the world’s most valuable company was in 2016, briefly knocking Apple off the top spot.
