Google Claims Apple’s Spot on Most-Valuable-Companies List | PYMNTS.com

That’s according to a report Thursday (Jan. 8) by Bloomberg News, which characterizes the milestone as an indication of how the company has become one of the biggest winners in the artificial intelligence (AI) race.

Google, which trades under its corporate name Alphabet, had reached a valuation of $3.89 trillion the day before, ahead of Apple’s $3.85 trillion. By Thursday afternoon, that gap had opened up, with Google at $3.92 trillion and Apple at $3.80 trillion.

The report said this marks the first time since 2019 Google has overtaken Apple in terms of value. The top company is still Nvidia, valued at $4.49 trillion Thursday afternoon.

Writing about Google’s AI efforts earlier this month, PYMNTS argued that the company was signaling a shift in how it wants the technology to be deployed.

“Alongside its cloud-based Gemini models, the company has been expanding its edge AI stack,…