In the last 10 years, we've seen the markets hit some major numerical milestones from a market-capitalization perspective. was the first trillion-dollar market-cap company back in 2018. The other "Magnificent 7" stocks -- so coined by Bank of America chief investment strategist Michael Hartnett as Apple, Alphabet, Amazon (NASDAQ: AMZN), Meta Platforms, Microsoft, Nvidia, and Tesla -- soon followed. Now, Apple, Microsoft, and Nvidia all trade at market caps above $3 trillion. That is a lot of moola.

The next big milestone will be a market cap of $10 trillion. Let the race begin today between the technology giants. Even though it is starting well behind some of the other Magnificent 7 stocks, I predict Amazon will be the first company to hit a market cap of $10 trillion. Here's why.

Amazon and its sprawling e-commerce empire are well-known. Looking at its North America segment -- which also houses segments such as hardware and advertising -- revenue hit $370 billion over the last 12 months ending in June of this year. Even though it has been around for so long and has many detractors in the media and government, Amazon is set to surpass 40% market share of U.S. e-commerce sales this year.

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Source Fool.com