Nvidia Becomes Most Valuable U.S. Chipmaker, Surpassing Alphabet's Market Cap
• Nvidia's market cap rose to $1.83 trillion, surpassing Alphabet's $1.82 trillion market cap • This comes after Nvidia surpassed Amazon's market cap earlier this week for the first time since 2002 • Nvidia shares have soared 49% so far this year after jumping 239% in 2022 amid AI hype • Nvidia has been the top performer of the "Magnificent Seven" tech stocks leading the bull market • Some investors are skeptical Nvidia can match last year's huge gains given its high valuation