Prediction: This Will Be Wall Street's First $10 Trillion Company -- And It's Not Apple
Investors have been in love with Apple for a long time. It was the largest company in the world by market capitalization for many years, driven by the growth of the iPhone. Now, it has been eclipsed by competitors like Microsoft and Nvidia as Apple's revenue growth slows in the face of rapid growth from these other technology players. While Microsoft and Nvidia are solid bets to reach a $10 trillion market cap, I think another big technology player will get there first: Amazon (NASDAQ: AMZN). Its dual growth engines and profit margin expansion potential have the company poised to be the first stock to eclipse a $10 trillion valuation.Here's why Amazon -- not Apple -- will be the first stock to a $10 trillion market cap.Continue reading
Investors have been in love with Apple for a long time. It was the largest company in the world by market capitalization for many years, driven by the growth of the iPhone. Now, it has been eclipsed by competitors like Microsoft and Nvidia as Apple's revenue growth slows in the face of rapid growth from these other technology players.
While Microsoft and Nvidia are solid bets to reach a $10 trillion market cap, I think another big technology player will get there first: Amazon (NASDAQ: AMZN). Its dual growth engines and profit margin expansion potential have the company poised to be the first stock to eclipse a $10 trillion valuation.
Here's why Amazon -- not Apple -- will be the first stock to a $10 trillion market cap.
