Alphabet Cloud Revenue Surges, NVIDIA’s Market Cap Odds Unchanged
- Alphabet’s cloud revenue reached $20 billion, marking a 63% year-over-year growth.
- The Polymarket contract for NVIDIA being the largest company by market cap on April 30 is at 99.8% YES, slightly down from 100%.
- Market trading conditions are thin; just $88 can move the price five points.
- Total face value traded in the last 24 hours was $275,387, with actual USDC volume at $220,054.
- Alphabet’s cloud growth was partly driven by a U.S. military contract.
The odds of NVIDIA maintaining its position as the largest company by market cap remain high despite Alphabet’s significant cloud revenue growth. The trading environment shows limited movement potential due to thin conditions and conservative position sizing.
Source (3.2)https://cryptobriefing.com/alphabet-cloud-revenue-hits-20b-nvidia-odds-barely-shift/?rand=59535
