No company in the technology industry has benefited from the rise of artificial intelligence (AI) as much as Nvidia ( NVDA 2.08% ) . Over the last three years, shares of the semiconductor giant have soared by more than 970% -- propelling its market cap to $4.5 trillion and making it the most valuable company in the world .

By contrast, Alphabet 's ( GOOGL 0.78% ) ( GOOG 0.75% ) price action was fairly muted throughout much of the AI revolution -- up until recently. Investors were initially concerned that the rise of large language models (LLMs) and chatbots posed an existential threat to the crown jewel of Alphabet's business empire: its Google Search business.

Yet Alphabet appears to have put these worries to rest, and the stock's recent rally has put a $4 tril

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