1 Unstoppable Stock That Could Join Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta in the $1 Trillion Club
The paradigm shift represented by advancements in artificial intelligence (AI) has had a profound impact on the market since early last year. The speed at which the major players in the AI space have ascended the ranks of the world's most valuable companies has been breathtaking.
Apple has yielded the No. 1 position to Microsoft, but as of this writing, both boast market caps of over $3.3 trillion. As Nvidia's GPUs became the clear favorite hardware for handling AI workloads, the chipmaker soared up the ranks to exceed a value of $3 trillion, and after a brief moment in the top spot, holds the No. 3 position. , Amazon, and Meta Platforms -- each of them frontrunners in the AI revolution -- boast market caps of $2.2 trillion, $2 trillion, and $1.2 trillion, respectively.
Though it currently has a market cap of just $58 billion, it isn't hyperbole to suggest that Palantir Technologies (NYSE: PLTR) makes a strong candidate for future membership $1 trillion club. Investors merely need to see the speed at which generative AI is being adopted to understand the magnitude of the opportunity Palantir is addressing.
Source Fool.com
Alphabet Inc. C Stock
The stock is an absolute favorite of our community with 27 Buy predictions and no Sell predictions.
With a target price of 165 € there is a slightly positive potential of 10.55% for Alphabet Inc. C compared to the current price of 149.26 €.
