2024-07-26 05:50:00 ET
A $3 trillion market capitalization is big. Very big. Today, only three companies have larger market caps: Nvidia , Microsoft , and Apple . I think there's another artificial intelligence (AI) company that could be joining the club in the not-so-distant future -- Amazon (NASDAQ: AMZN) .
Currently, Amazon sits just above a $2 trillion valuation, nothing to shake a stick at, but only two-thirds that of the top companies. To join the club, the company has to see its stock price rise by 50%.
I'm confident this will happen at some point; the real question is when. Investors can consider what might be a reasonable time frame by looking at the numbers, but before getting too far in the weeds, let's take a look at the big picture. There are a few key strengths that I think will propel the company in the next few years, as well as some hurdles that could trip it up.
For further details see:
Can This Unstoppable AI Stock Join Nvidia, Apple, and Microsoft in the $3 Trillion Club?