One of the more surprising plot twists in the "Magnificent Seven" this year is unfolding quietly: Alphabet has overtaken NVIDIA in year-to-date performance, even though NVIDIA still towers over the group in total market value. Fresh market data shows Alphabet up just over 10% for 2025, outpacing NVIDIA's roughly 6.5% gain. The shift doesn't dethrone NVIDIA's $4.63 trillion valuation, but it does signal a reshuffling of where investors see the next wave of tech growth emerging. Alphabet Surges as AI and Cloud Demand Ignite Revenues Alphabet's momentum comes from a trio of engines that all started firing at the same time: AI-driven improvements to search and ads lifted revenue more than analysts expected. YouTube is converting new AI-tools into higher engagement and stronger monetization. Google Cloud is accelerating with enterprise adoption, giving Alphabet a fast-growing segment that does not rely on the advertising cycle. The combined effect: Alphabet is suddenly behaving like a company with multiple growth frontiers -- not just an ad giant. NVIDIA Still Dominates, But Its Breakneck Pace Has Normalized NVIDIA remains the undisputed heavyweight in AI hardware. But after two years of historic GPU demand, the growth curve has begun to cool. Chip shortages easing, AI customers moderating orders, and the rise of alternative silicon from AMD and in-house enterprise designs have all contributed to a slower climb in the stock price -- even as revenue and margins remain extremely strong. NVIDIA hasn't stumbled. The rest of the industry is simply catching its breath. The Rest of the Magnificent Seven Paint a Mixed Picture Several major players are powering the index higher: Microsoft (+19%) continues its enterprise AI takeover through Azure. Apple (+38%) is enjoying its strongest run in years thanks to a revitalized hardware cycle and a surging Vision Pro ecosystem. Amazon (+4%) remains steady as AWS stabilizes. On the other end, Meta and Tesla are struggling to keep pace, with Tesla barely up 3% as EV competition intensifies. A New Leadership Fight Is Emerging If 2023-2024 were defined by NVIDIA's dominance, 2025 is shaping up differently. Investors are now distinguishing between: AI infrastructure providers (NVIDIA), and AI platforms and monetization engines (Alphabet and Microsoft). That distinction is reshaping which companies lead the market each month. Bottom Line Alphabet surpassing NVIDIA in 2025 performance isn't just a quirky leaderboard moment -- it marks a broader transition in what the market is rewarding. AI hardware may have kicked off the boom, but AI-enhanced services, cloud platforms, and monetization layers are taking the spotlight next. As the year progresses, the tug-of-war between chip giants and software platforms will likely define the next chapter of the tech bull market.The post From Second Place to Standout: Alphabet Claims the Strongest Momentum in Big Tech appeared first on CryptoDnes EN.