Vcg | Visual China Group | Getty Images<\/p>\n
There’s movement going on in the Magnificent Seven group of stocks. <\/p>\n
Shares of Alphabet<\/a>, the parent of Google, rose 2.4% on Wednesday, to give the firm a market capitalization of $3.89 trillion. Meanwhile, Apple<\/a>, the parent of the iPhone (so to speak), retreated 0.8%, and ended the day with a capitalization of $3.85 trillion. <\/p>\n It’s the first time since 2019 that Alphabet has overtaken Apple in valuation<\/a>, 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<\/a>. <\/p>\n Meanwhile, Alphabet’s quickfire deployments of new AI models and generators have earned it more users and investor cheer<\/a>, making it the best-performing stock<\/a> among Big Tech last year.<\/p>\n Movement, on a more literal level, was a point of contention for Tesla<\/a> and Nvidia<\/a>. Jensen Huang, CEO of the semiconductor behemoth, announced Alpamayo, an AI reasoning model<\/a> for developing self-driving vehicles, at the CES conference Monday. <\/p>\n While Tesla CEO Elon Musk acknowledges<\/a> 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.” <\/p>\n 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<\/a> overtook Tesla as the world’s biggest seller of electric vehicles<\/a>.<\/p>\n What you need to know todayAnd finally…<\/p>\n Sermitsiaq Mountain looms behind a row of houses in Nuuk, Greenland, on March 4, 2025.<\/p>\n Odd Andersen | Afp | Getty Images<\/p>\n","protected":false},"excerpt":{"rendered":"Vcg | Visual China Group | Getty Images There’s movement going on in the Magnificent Seven group of…\n","protected":false},"author":2,"featured_media":398825,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[31076,5067,64,63,4065,174,37611,12590,2490,1062,10835,171,1061,4861,5063,1063,173,105,5064,1055,9072],"class_list":["post-398824","post","type-post","status-publish","format-standard","has-post-thumbnail","category-technology","tag-alphabet-class-a","tag-apple-inc","tag-au","tag-australia","tag-breaking-news-technology","tag-business-news","tag-byd-co-ltd","tag-dax","tag-donald-trump","tag-dow-jones-industrial-average","tag-greenland","tag-markets","tag-nasdaq-composite","tag-netflix-inc","tag-nvidia-corp","tag-sp-500-index","tag-stoxx-600","tag-technology","tag-tesla-inc","tag-united-states","tag-world-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/398824","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=398824"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/398824\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/398825"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=398824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=398824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=398824"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}