Nvidia is losing ground as world’s most valuable company, says report. Who can be the first to hit $6 trillion?

Alphabet’s Google is rapidly closing the gap with Nvidia in the race to become the world’s most valuable publicly listed company for the first time in over a decade, potentially overtaking AI chipmaker Nvidia within weeks, with its market capitalisation approaching $4.65 trillion after shares surged more than 140% over the past year, according to a new report by Barron’s.

The development marks a striking shift in the fortunes of one of the world’s most recognisable technology companies, whose shares have risen more than 140% over the past year, a pace nearly four times the gain posted over the preceding four years.