Tech Giants See Market Cap Shifts and AI Developments

Market Capitalization Changes

Shares of Alphabet, Google's parent company, increased by 2.4% on Wednesday, bringing its market capitalization to $3.89 trillion. Concurrently, Apple's shares, a parent company of the iPhone, decreased by 0.8%, ending the day with a capitalization of $3.85 trillion.

This event marks the first occasion since 2019 that Alphabet's valuation has exceeded Apple's.

Artificial Intelligence Focus

Alphabet has recently deployed new AI models and generators. In contrast, Apple's anticipated launch of an enhanced Siri AI voice assistant, initially projected for 2025, has been delayed, and a specific release date has not yet been announced. Alphabet was recognized as the best-performing stock among major technology companies in the previous year.

Autonomous Vehicle Technology

At the CES conference on Monday, Jensen Huang, CEO of Nvidia, introduced Alpamayo, an AI reasoning model developed for self-driving vehicles.

Tesla CEO Elon Musk acknowledged this development as a potential "competitive pressure on Tesla" but estimated it would become a significant challenger in "5 or 6 years, but probably longer."

Previously, in October 2011, Musk stated in an interview regarding BYD, "I don't think [BYD has] a great product." BYD subsequently surpassed Tesla in 2025 as the world's largest seller of electric vehicles.