A man walks past the Google signage outside the US tech giant's Ananta office in Bengaluru, India, on Jan. 5, 2026.
There's movement going on in the Magnificent Seven group of stocks.
Shares of Alphabet , the parent of Google, rose 2.4% on Wednesday, to give the firm a market capitalization of $3.89 trillion. Meanwhile, Apple , the parent of the iPhone (so to speak), retreated 0.8%, and ended the day with a capitalization of $3.85 trillion.
It's the first time since 2019 that Alphabet has overtaken Apple in valuation, and another sign of how the Cupertino-based company is falling behind in the artificial intelligence race. Apple's promised launch of a smarter Siri, its AI voice assistant, in 2025, was delayed, and still lacks a concrete release date.
Meanwhile, Alphabet's quickfire deployments of new AI models and generators have earned it more users and investor cheer, making it the best-performing stock among Big Tech last year.
Movement, on a more literal level, was a point of contention for Tesla and Nvidia . Jensen Huang, CEO of the semiconductor behemoth, announced Alpamayo, an AI reasoning model for developing self-driving vehicles, at the CES conference Monday.
While Tesla CEO Elon Musk acknowledges it as "maybe a competitive pressure on Tesla," he added that it'll only be a challenger in "5 or 6 years, but probably longer."
For what it's worth, it's not the first time Musk has dismissed competitors. In October 2011, he said in an interview, "I don't think [BYD has] a great product." In 2025, BYD overtook Tesla as the world's biggest seller of electric vehicles.