2024-05-12 16:27:00 ET
Right now, there are only seven companies in the world with a market capitalization in excess of $1 trillion. Ranked in order from largest to smallest, those companies are Microsoft , Apple , Nvidia , Alphabet , Amazon , Saudi Arabian Oil , and Meta Platforms .
The obvious theme here is that most of these companies operate in the technology sector. Moreover, within technology, Microsoft, Alphabet, and Amazon all share something else in common: Each of them is a dominant force in cloud computing and artificial intelligence (AI).
Beyond mega-cap tech enterprises, I see another player quietly emerging at the intersection of cloud AI infrastructure. Let's break down how Oracle (NYSE: ORCL) is making notable strides in AI, and analyze the company's path to a trillion-dollar valuation.
For further details see:
Prediction: This Artificial Intelligence (AI) Cloud Stock Will Join Microsoft, Alphabet, and Amazon in the $1 Trillion Club