The Return of the Old Internet King, Nvidia Steps Aside First

The AI chip giant, Nvidia, was temporarily overtaken by Alphabet. Google’s parent company surpassed it in market capitalisation during after-hours trading last week. CNBC International noted that the company’s shares jumped 160% in the past year. Wall Street assesses that Google has its own strengths in the AI sector. The company is in its best position from self-developed models, a large distribution network, or a cloud unit that generates money from rapidly growing business. “Google is one of two AI companies with the best position because it owns most of the infrastructure needed,” said Gene Munster, managing partner of Deepwater Asset Management, quoted on Monday (11/5/2026). “Chips, models, infrastructure, and distribution. They are also highly profitable,” he added. Analysts at JPMorgan also called Alphabet shares the overall top pick for the technology sector. This refers to rapid growth up to cloud orders reaching US$462 billion. Investors assess that Google has many ways to generate revenue and can compete in this highly competitive industry. The search engine giant is known to have the Gemini AI model, the DeepMind research unit, Google Cloud computing, as well as adding AI features to its products and Android. Although it was briefly surpassed, Nvidia regained the lead over the weekend with a capitalisation of US$5.2 trillion. Meanwhile, Alphabet trails behind at US$4.8 trillion. However, the AI market was also abuzz with news that Anthropic’s AI model plans to spend US$200 billion on Google Cloud. The five-year investment plan is for 5 gigawatts of computing power.