Meet the Hard Asset That's Bigger Than Apple, Nvidia, and Microsoft Combined. One Wall Street Strategist Thinks It Could Hit a $40 Trillion Market Cap.
Shares of Apple, Nvidia, and Microsoft have exploded in recent years, as investors poured money into stocks that were best positioned to take advantage of the rise in artificial intelligence (AI). These three stocks grew so popular that their combined market capitalization now exceeds $9.2 trillion (as of March 25).Yet, as massive as these three names are, they pale in comparison to a hard asset that has done quite well in recent years -- and some analysts think the party has only just begun. According to one Wall Street strategist, this hard asset could eventually be worth $40 trillion.Gold has historically had an inverse relationship with the U.S. dollar. That's why many investors have been surprised to see it absolutely rip, despite the strength of U.S. dollar during the two-plus-year bull market. Incredibly, the price of gold has even outpaced the broader benchmark S&P 500 and has now surpassed a $20 trillion market cap.Continue reading
Shares of Apple, Nvidia, and Microsoft have exploded in recent years, as investors poured money into stocks that were best positioned to take advantage of the rise in artificial intelligence (AI). These three stocks grew so popular that their combined market capitalization now exceeds $9.2 trillion (as of March 25).
Yet, as massive as these three names are, they pale in comparison to a hard asset that has done quite well in recent years -- and some analysts think the party has only just begun. According to one Wall Street strategist, this hard asset could eventually be worth $40 trillion.
Gold has historically had an inverse relationship with the U.S. dollar. That's why many investors have been surprised to see it absolutely rip, despite the strength of U.S. dollar during the two-plus-year bull market. Incredibly, the price of gold has even outpaced the broader benchmark S&P 500 and has now surpassed a $20 trillion market cap.
