recently became the first $3 trillion company. The iPhone maker reached that historic milestone last month, about five years after it became the first $1 trillion company, but Apple is unlikely to remain the only club member for long.

Here's why Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) could achieve $3 trillion valuations by 2030.

After struggling through several quarters marred by high inflation and cautious consumers, Amazon reported encouraging results in the second quarter. Revenue climbed 11% to $134 billion, an acceleration from 7% growth in the prior year, and GAAP net income improved to $6.7 billion, up from a loss of $2 billion. Amazon is well positioned to maintain that momentum, so much so that its market cap could rise 112% to $3 trillion by 2030.

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Source Fool.com