Alphabet's 160% rally in a year reflects value of owning 'most of the stack' in AI

AI Wins Have Alphabet Poised to Become World’s Biggest Company

Over the past year, Alphabet Inc. has gone from an artificial intelligence afterthought to the one firm in the market with dominant positions in nearly every aspect of the technology. Now it’s on the brink of overtaking AI chip giant Nvidia Corp. as the largest company in the world.

Alphabet's 160% rally in a year reflects value of owning 'most of the stack' in AI

Google was seen as an AI laggard in the early days of the AI boom, but investors are now betting that the search giant will be a clear winner.