TSLA - Will Walmart Reach a Trillion-Dollar Market Cap by 2030?
2024-06-16 06:20:00 ET
When Apple (NASDAQ: AAPL) become the world's first $1 trillion company back in 2018, investors cheered while they simultaneously wondered which company would be the next to achieve the feat. As it turns out, it would be Microsoft (NASDAQ: MSFT) the following year.
Much has changed since then. Namely, getting to the 13-figure mark is no longer a head-turning event. Four other companies have joined Microsoft and Apple in the trillion-dollar club ... five if you still count Tesla (NASDAQ: TSLA) , which briefly got there in early 2022 before shares of the electric vehicle (EV) maker began struggling. Both Apple and Microsoft are each worth more than $3 trillion now. Investors just aren't as easily impressed by the metric anymore.
They might be impressed by the first seemingly unlikely name to do so though. That's brick-and-mortar retailer Walmart (NYSE: WMT) , which is quietly inching closer to the trillion-dollar finish line than most investors might believe.
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Will Walmart Reach a Trillion-Dollar Market Cap by 2030?