This article originally appeared on Business Insider.
Nvidia just overtook Alphabet to become the third most valuable company in the U.S.
Nvidia’s shares are up 3.64% in the past five days alone, giving it a market cap now equal to $1.83 trillion, Reuters reported Tuesday. Alphabet, Google’s parent company, has a market cap of $1.82 trillion.
The chipmaker’s valuation now trails behind only Microsoft and Apple.
Nvidia has been on a tear for months, with its stock up 51% this year alone. Its market cap surpassed Amazon’s as well on Monday for the first time since 2002 when both companies were in the doldrums of the dot-com crash.
A big part of
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