Alphabet Surpasses Apple in Market Value

Alphabet Rising with Artificial Intelligence

Alphabet (GOOG, GOOGL) has managed to surpass Apple (AAPL) in market value, drawing attention with its advancements in the field of artificial intelligence. The company's stock rose by over 2% during the day, bringing its total market value to $3.89 trillion. This situation placed Alphabet in second place, behind Apple, which has a market value of $3.86 trillion.

Alphabet Gaining Speed in the Artificial Intelligence Race

Wall Street analysts are closely monitoring the development of Alphabet's new artificial intelligence model, Gemini. According to a report by Jefferies, it is predicted that by 2026, the number of application downloads for Gemini will exceed that of OpenAI's ChatGPT. This situation will enhance Alphabet's competitive power in the digital world as user engagement increases.

Advantageous Position with Three Core Business Lines

Analysts indicate that Alphabet's three core business lines, along with improvements in cloud services and a strengthening artificial intelligence product cycle, will help the company maintain its competitive advantage. The company seems poised to remain in a strong position in this area.

Competition with Nvidia and Artificial Intelligence Strategies

Alphabet is also aiming to challenge Nvidia's (NVDA) dominance in the artificial intelligence computing market with its specially developed tensor processing units. This situation is likely to intensify competition in the technology world.

Apple's Artificial Intelligence Vision

In contrast, Apple is currently lagging behind its competitors in the field of artificial intelligence. Although the company aims to close this gap with the launch of Apple Intelligence in 2024, it has not yet made a significant artificial intelligence announcement.