Nvidia and Amazon Joined the $1 Trillion Club in 2023 -- These 2 Growth Stocks Could Get There by 2033

Apple was the first company to achieve a market capitalization of $1 trillion. It reached that milestone in 2018. Microsoft and Alphabet joined the club in 2019 and 2020, respectively, then Amazon and Nvidia followed in 2023. For the sake of accuracy, Amazon actually attained a $1 trillion market capitalization in 2020 -- it even approached $2 trillion in 2021 -- but its valuation dropped below $1 trillion in late 2022 as the business battled economic headwinds.

Here are two growth stocks that could join the $1 trillion club by 2033.

(NASDAQ: TSLA) currently has a market capitalization of $850 billion. That figure would need to increase at just 2% annually to reach $1 trillion by the end of the decade, but some experts expect the company to motor by that milestone much sooner. For instance, Trefis analysts value Tesla at $2 trillion by 2025, and Ark Invest says its valuation could exceed $4 trillion by 2027. Those estimates are built around two big opportunities: electric vehicles and autonomous vehicles.

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Source Fool.com