On May 11th, reports emerged indicating that over the past year, Alphabet, the parent company of Google, has transitioned from an AI follower to a formidable competitor. Its market capitalization has now soared to an impressive $4.8 trillion. The gap between Alphabet and AI chip giant NVIDIA, which holds a market cap of $5.2 trillion, has narrowed to roughly $400 billion. During after-hours trading last Tuesday, their positions in market cap rankings even briefly switched. Since October 31st of last year, Alphabet's stock price has skyrocketed by 43%, whereas NVIDIA has only experienced a 6.3% increase over the same timeframe. Alphabet's diversified business model, encompassing search, cloud services, YouTube, and more, combined with its highly acclaimed TPU chips and Gemini AI model, has drawn considerable attention. Analysts suggest that Alphabet has the potential to outpace NVIDIA and claim the title of the world's most valuable company by market capitalization.