Prediction: This Will Be the Next Semiconductor Company to Join Nvidia in the Trillion-Dollar Club (Hint: It's Not AMD)
As it stands today, there are only seven companies in the world with market capitalizations in excess of $1 trillion. This exclusive club includes six of the "Magnificent Seven" -- Microsoft, Apple, Nvidia, , Amazon, and Meta Platforms.
Nvidia is the only pure-play semiconductor and data center services business with a trillion-dollar valuation right now. But as Advanced Micro Devices, Intel, Qualcomm, and more vie with it to meet the world's demand for cutting-edge processors, I wouldn't be surprised to see more chip stocks gain entrance into the trillion-dollar club.
But I don't expect any of those three will become the next chip stock to reach a market cap of $1 trillion. I predict instead that it will be Taiwan Semiconductor (NYSE: TSM), currently the ninth most valuable business in the world, worth $806 billion.
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 170 € there is a slightly positive potential of 6.93% for Alphabet Inc. C compared to the current price of 158.98 €.
