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Nvidia Overtakes Alphabet, One Day After Eclipsing Amazon
There seems to be no stopping Nvidia Corp.’s scorching rally. The day after surpassing the market value of Amazon.com Inc., the chip giant has now overtaken Alphabet Inc. as well. Shares of Nvidia rose 2.5% on Wednesday, closing with a market capitalization of about $1.83 trillion, and topping the search giant’s value of roughly $1.82 trillion, data compiled by Bloomberg show. With the gain, the chipmaker has become the world’s fourth-most valuable company. Saudi Aramco, valued at about $2 trillion, looms as the next milestone. Nvidia’s rally has been relentless this year. The stock has climbed about 49% and ... (full story)