The Globe and Mail reports in its Thursday, Feb. 8, edition that Wall Street's enthusiasm about artificial intelligence has Nvidia on the verge of becoming more valuable than Amazon for the first time in two decades, and the AI chipmaker is not far behind Google-owner Alphabet. A Reuters dispatch to The Globe reports that a 40-per-cent surge in Nvidia so far in 2024 has elevated its market capitalization to $1.71-trillion as of midday trading on Wednesday, only about 3 per cent below Amazon's $1.76-trillion value, and less than 6 per cent below Alphabet's $1.81-trillion value (all figures U.S.). Nvidia's shares gained 1.8 per cent to $694.48 after an optimistic report from Morgan Stanley. Nvidia reports quarterly results on Feb. 21. Morgan Stanley raised its share target to $750 from $603, with analyst Joseph Moore saying, "AI demand continues to surge." After Nvidia's stock more than tripled in 2023, it has already become the U.S. stock market's fifth most valuable company. Nvidia has been a top beneficiary of technology companies' race to build AI into their products and services, with Meta and other Big Tech companies buying billions of dollars worth of Nvidia's graphics processors.