Quietly, shares of Google-parent Alphabet are on the verge of topping $5 trillion, and overtaking AI-leader Nvidia as the world’s most valuable company.

And according to options prices, it may happen sooner rather than later.

The breakout in shares of Alphabet after a 10% surge on Thursday brings the company’s 1-year gain to 140% and a market capitalization over $4.6 trillion. The company reported revenue Wednesday that beat analyst estimates and Google Cloud revenue that surpassed $20 billion.

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