Alphabet Surpasses Nvidia's Market Cap in 2024
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2026
0mins
Should l Buy GOOGL?
Source: stocktwits
- Market Cap Rivalry: In 2024, Alphabet's market cap briefly reached $4.83 trillion in after-hours trading, surpassing Nvidia's $4.80 trillion, although Nvidia ultimately closed at $4.79 trillion, highlighting the fierce competition between the two companies.
- Stock Performance: Alphabet's GOOGL stock rose 1.6% in Tuesday's after-hours session to a record high of $399.01, while Nvidia's shares increased by 0.5%, but have fallen 10% since April 27, reflecting divergent market perceptions of the two firms.
- Analyst Ratings: Approximately 90% of analysts rated GOOGL as a 'Buy' or higher with a price target of $421, just 8% above its last close; in contrast, 95% of analysts rated Nvidia similarly, with a target of $269.17, implying a 38% upside potential.
- Market Sentiment: Retail sentiment on Stocktwits was 'extremely bullish' for both GOOGL and Nvidia, yet Nvidia's relative strength index (RSI) at 50.82 indicates it is approaching a more favorable zone for investors, suggesting optimism for its future performance.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to fall
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 387.350
Low
305.00
Averages
374.25
High
400.00
Current: 387.350
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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