NVIDIA's commanding lead in the market-implied odds stems from its sustained dominance in AI infrastructure, where its GPUs power the majority of large language model training and inference workloads across hyperscalers. Recent stock surges have pushed its market capitalization above $5.5 trillion—well clear of Alphabet's roughly $4.8 trillion and Apple's $4.3 trillion—fueled by robust data-center demand and record-breaking quarterly results. Traders see limited scope for reversal in the remaining weeks of May given the company's entrenched competitive moat in semiconductor design and software ecosystems like CUDA. Still, a sharp sector-wide rotation away from AI hardware or an outsized positive catalyst for Alphabet's cloud and search businesses could narrow the gap before month-end resolution.