Prediction: 1 Data Center Stock That Could Join Nvidia, Broadcom, and Taiwan Semiconductor Manufacturing as a Trillion-Dollar Business by 2030
Nvidia, Broadcom, and Taiwan Semiconductor are currently the only chip stocks that boast a valuation of $1 trillion or more.
As of the closing bell on May 16, 10 public companies boasted market capitalizations of at least $1 trillion. Within the trillion-dollar club, three are chip companies: Nvidia, Broadcom, and Taiwan Semiconductor Manufacturing. They design and make semiconductors, including the chips that are used to train generative AI models.
Further down the list of the world's most valuable companies is Oracle (NYSE: ORCL), which boasts a market cap of about $450 billion.
Let's explore how Oracle is investing in artificial intelligence (AI) and how these moves could fuel its rise to a $1 trillion market cap.
