Nvidia replaces Alphabet as Wall St's third most valuable company

FILE PHOTO: A view of a Nvidia logo at their headquarters in Taipei, Taiwan May 31, 2023. REUTERS/Ann Wang/File Photo

(Reuters) -Nvidia eclipsed Google-parent Alphabet as the third most valuable U.S. company on Wednesday, just after overtaking Amazon and as investors looked to the dominant AI chipmaker's upcoming quarterly report.

The Santa Clara, California company's stock rose 2.46%, putting its value at $1.825 trillion, while Alphabet's stock climbed 0.55%, leaving it with a value of $1.821 trillion.