Alphabet nears Nvidia as GGLL ETF draws attention

Alphabet’s market value reached $4.65 trillion after a 36% increase over six months and a $900 billion gain so far in 2026. The company has added about $2.64 trillion in market value over the past 12 months, with most of that growth occurring in the first four months of 2026.

Nvidia recorded an all-time high market capitalization of $5.27 trillion earlier in the month and was about $4.85 trillion on May 1 after gains slowed over the prior six months. The two companies are among the largest by market value in global equity markets.

Alphabet is scheduled to report first-quarter results on May 20. Investors and market participants will watch revenue, advertising sales, cloud performance and any forward guidance when the company releases its earnings.

The Direxion Daily GOOGL Bull 2X ETF seeks to deliver 200% of the daily performance of Alphabet shares and uses a daily reset mechanism. Leveraged ETFs reset exposure each trading day and are designed to amplify daily price moves; over periods longer than one day their performance can differ from a simple multiple of the underlying share returns due to daily compounding and reset effects.

Market capitalization is calculated by multiplying a company’s share price by its shares outstanding. Changes in either factor can shift a company’s ranking by market value.

Traders and portfolio managers will monitor the May 20 earnings and subsequent trading to track short-term price moves in Alphabet shares and related instruments such as leveraged ETFs.