"Nvidia Surpasses Alphabet and Amazon to Become Third Most Valuable U.S. Company"

Nvidia has surpassed Google's parent company Alphabet in market capitalization, becoming the third most valuable U.S. company. This milestone reflects the chipmaker's soaring stock due to the artificial intelligence boom and robust demand for its AI server chips. Nvidia's market value now stands at $1.83 trillion, with its shares up over 221% in the past 12 months. The company's elevated position underscores its dominance in the AI chip market, outpacing even large software and cloud providers that integrate AI technology into their products.