DEEP RESEARCH · ALPHABET
Alphabet’s No. 1 Market-Cap Scenario: Progress Check
A short update on Alphabet’s market-cap ranking after the earlier AI data-center thesis
0. Bottom line first
Alphabet has already reached fourth place by market capitalization and has passed Amazon since I wrote the earlier note. The “Google AI data-center competitiveness and No. 1 market-cap scenario” remains worth tracking.
1. Earlier thesis and current position
The source revisits the earlier note, Google’s AI data-center competitiveness and Alphabet’s No. 1 market-cap scenario, and records that Alphabet’s ranking has improved since then.
Interpretation: The important point is direction, not just the number. The author had been watching Alphabet’s potential re-rating based on TPU and Google AI data-center competitiveness, and this update records that the scenario is partly showing up in market-cap ranking.
2. Market-cap comparison at the time
Official fact: The figures in the source are Nvidia KRW 5,837 trillion, Microsoft KRW 5,262 trillion, Apple KRW 4,959 trillion, and Alphabet KRW 3,915 trillion.
| Rank | Company | Market cap |
|---|---|---|
| 1 | Nvidia | KRW 5,837T |
| 2 | Microsoft | KRW 5,262T |
| 3 | Apple | KRW 4,959T |
| 4 | Alphabet | KRW 3,915T |
3. What I will watch
- How much Alphabet narrows the gap from KRW 3,915T to the top three companies
- Whether AI data centers and TPU competitiveness translate into margins and growth
- Whether relative strength within Big Tech continues after passing Amazon
Sources
- Original Naver Blog post: https://m.blog.naver.com/PostView.naver?blogId=star_of_self&logNo=223995931756
- Earlier Alphabet analysis: https://m.blog.naver.com/star_of_self/223896200854