Alphabet's stock growth and Nvidia's AI chip demand cause Nvidia to surpass Alphabet's market cap for the first time.

Alphabet's stock has risen 40% in the past year, driven by advertising and cloud business growth, a $70B share buyback, and dividend approval. However, Nvidia's AI chip demand outpaced supply, leading to a market cap surpassing Alphabet's for the first time. As of now, Nvidia is worth $3.3T, Alphabet $2.2T. The question remains: Can Alphabet catch up and surpass Nvidia's value by 2025?