"Nvidia Surpasses Amazon in Market Cap Amid AI Chip Boom and Supply Issues"

Nvidia's market capitalization surpassed Amazon's for the first time in two decades, putting it on the verge of overtaking Alphabet as the third most valuable company on Wall Street. The dominant AI chipmaker's stock value reached $1.78 trillion, exceeding Amazon's $1.75 trillion and threatening Alphabet's $1.81 trillion. Nvidia has benefited from the demand for AI technology, with its stock rising 46% this year. Meanwhile, Alphabet's stock hit an all-time high before disappointing quarterly results, and Apple's stock has dropped 4% in 2024.