2026-01-09 09:27:34

In recent trading days, interesting changes have occurred in the technology stock landscape. Alphabet's market capitalization successfully overtook Apple, becoming the second-largest publicly traded company in the world—this is the first reversal since 2019.

Data shows that Alphabet rose 2.4% on Wednesday, with a closing market cap of $3.89 trillion. Meanwhile, Apple appeared weak, with a closing value of $3.85 trillion, experiencing six consecutive declines, with a total drop of nearly 5%, and a market value evaporating close to $200 billion. The trend on Thursday continued to widen the gap—Apple opened down 1.2%, while Alphabet rose 1.1% in the opposite direction.

Interestingly, this ranking change reflects a profound adjustment in the competitive landscape of the artificial intelligence industry. As the dominant player in search and advertising, Alphabet's deployment in AI applications, large models, and other areas is beginning to realize its value. In contrast, although Apple is large, it seems to be lagging somewhat behind in the AI innovation cycle.

Currently, in the global market cap top list, NVIDIA still holds the top spot with a market cap of about $4.6 trillion, which itself indicates the hotness of the AI chip supply side.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

15 Likes

Reward
15
10
Repost
Share

Comment

0/400

MetaverseLandlord

· 2h ago

AI this wave of the tide Google indeed caught it, Apple is still holding back a big move... --- Six consecutive declines can’t be sustained anymore, what’s going on with Apple? --- Nvidia sitting in a chair doesn’t feel tired at all, hilarious --- The search and advertising track can still turn around like this, not bad --- Apple was overpowered by AI, this time it’s really a bit hard to see through --- Alphabet’s comeback shows that the money in large models is still in the hands of tech giants --- Market value evaporated by 200 billion, investors are really panicking --- Google’s AI layout finally bears fruit, it’s time to rise --- Wait, is Apple really so lagging in AI innovation? --- Nvidia dominates alone, are others just supporting roles? --- Since 2019 until now, has the landscape changed so quickly? --- AI and large models again, so annoying... but it’s pretty satisfying that Google is rising

View OriginalReply0

SatoshiSherpa

· 01-11 11:56

Google's recent AI bets are finally starting to pay off. Apple has indeed fallen behind in innovation over the past few years. --- Six consecutive declines have wiped out 200 billion? Even Apple has its day, haha. --- This wave driven by AI chips, those who haven't jumped in really should reflect. --- NVIDIA's market cap remains at 4.6 trillion, still the leader. This GPU business is unbeatable. --- The combination of Search + AI, Google is really going all out. --- Apple has fallen to third place? The times really have changed. --- Wait, less than five years ago, the landscape was turned upside down. These fluctuations in the crypto world are really nothing. --- The key is that Google has seamlessly integrated search ads and AI. Apple just hasn't found that breakthrough. --- In the AI cycle, if you don't align with the right team, this is what happens. Market value speaks.

View OriginalReply0

SchroedingerGas

· 01-11 05:12

The AI boom really has nothing to do with Apple. Google, having exhausted its search advertising revenue, is now aggressively entering the AI race, outpacing everyone. Apple's six consecutive declines are really embarrassing. It feels like their innovation is increasingly falling behind. NVIDIA's market cap of 4.6 trillion is a testament that semiconductors are the true lifeline; everything else is just floating clouds. Google surpassing Apple should have happened a long time ago. I'm optimistic about its future performance. Apple should think about how to turn things around in AI, or it might be at risk of falling out of the top three.

View OriginalReply0

SmartMoneyWallet

· 01-10 15:37

Apple drops six consecutive times, evaporating 200 billion. This is the price of having no AI story; capital flow never lies.

View OriginalReply0

BottomMisser

· 01-09 09:57

Google surpasses Apple, and now the AI narrative is really taking off Apple's recent performance is a bit disappointing; search and advertising business are still hard currencies NVIDIA is still dominating the gaming scene; no one can shake the chip supply chain Apple should wake up; falling behind in AI without following the trend will eventually lead to being left behind My timing for bottom-fishing was wrong again, truly incredible This round of market rotation has really affected my mindset... The speed of realization for search advertising business is fast; the Apple ecosystem doesn't feel as attractive anymore? Got it, I need to stay close to the AI trend, or all my efforts will be in vain Google really has some skills this time, with a dual engine of advertising + AI Is Apple's hardware premium really worthless in the AI era?

View OriginalReply0

ILCollector

· 01-09 09:57

Google's recent AI boom has really paid off, while Apple is still relying on its old strengths. In this round of AI, Google bet on the right direction, but Apple seems a bit passive. Apple's market value has been halved or more... It's time to reflect on its AI strategy. NVIDIA's market cap is 4.6 trillion, which is truly a moat. Google's combination of search + AI punches, Apple can't stack up with innovative hardware. Those still slacking off during the AI innovation cycle will eventually face sanctions. Apple has really been underperforming in these past few months, with six consecutive declines—speechless. Google's move this time has completely outperformed Apple, right? Having only size without growth points, no wonder it was overtaken. NVIDIA, Google, Tesla—the top beneficiaries of AI are all at the top.

View OriginalReply0

POAPlectionist

· 01-09 09:50

Google is really catching up, and Apple is a bit disappointing this time. Whoever seizes the AI opportunity will take off; Tim Cook really hasn't kept up with the pace. Six consecutive declines have wiped out 200 billion; Apple's moat isn't as deep as imagined. NVIDIA is still the boss; no one can match the heat on the chip supply side. The AI era is here; search and advertising are being monetized again, and Alphabet has bet correctly. Is the era of Apple selling phones coming to an end? The reversal in rankings is quite interesting. The chosen chip company, NVIDIA, remains steady; with a market value approaching 5 trillion, this is no exaggeration. Google's AI layout is finally paying off; the previous investments are now realizing their value. It's really just AI redistributing power; it's not surprising that Apple has fallen behind. NVIDIA, as the leader on the supply side, truly has no rival.

View OriginalReply0

MeaninglessGwei

· 01-09 09:44

AI storytelling really carries the entire scene. Google's turnaround with large models is impressive, while Apple is still dawdling around doing whatever. Still the same point: whoever controls computing power gets to speak. NVIDIA's market cap of 4.6 trillion is solidly secure. It's good enough if you can catch up to NVIDIA; don't overthink it. This time, Alphabet's comeback is a bit desperate. Apple, after six consecutive declines, is truly underperforming. The AI cycle still has a long way to go. Let's wait and see how the subsequent reversal unfolds. Search + advertising + AI triangle loop, Google will still win. Apple needs a story to tell.

View OriginalReply0

ZenMiner

· 01-09 09:39

Alphabet has turned around, and Google's AI investments are finally paying off. Apple's six consecutive declines are truly hard to endure. AI chips dominate the market, with NVIDIA firmly holding its position as the industry leader, while others have to step aside. Search + Advertising + AI—Google's combined strategy is indeed powerful. Apple needs to act quickly. Two hundred billion dollars just evaporated; Apple shareholders must be heartbroken. With such high interest in chips, miners' business should be picking up, haha.

View OriginalReply0