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Race to $ 4 trillion : Math predicts the first company to reach $ 4 trillion valuation
BestBrokers forecasts which of the current trillion-dollar giants might be the first to cross the $ 4 trillion milestone .
Nvidia became the third company to surpass the $ 3 trillion mark after Apple and Microsoft – at one point claiming the title of the world ' s most valuable company with its market cap reaching an astounding $ 3.34 trillion fuelled by the booming AI market .
Inspired by Nvidia ’ s success , which was little known outside of tech circles just two years ago , the team at BestBrokers set out to forecast which of the current trillion-dollar giants might be the first to cross the $ 4 trillion milestone .
The team took their market capitalisations as of July 29 , 2024 , and projected future values based on their historical average growth rates since 2022 .
BestBrokers race to $ 4 trillion report : Key takeaways
As of August 2024 , only seven publicly traded
companies boast market capitalisations of $ 1 trillion or more . Except for Saudi Aramco , all are US-based firms operating in the technology sector .
• The projects suggest that Nvidia , currently valued at $ 2.781 trillion , is on track to be the first to reach a $ 4 trillion market cap . If its market cap continues to grow at the recent average rate of 104.25 %, Nvidia is expected to hit this milestone in approximately six months and three days , by late January 2025 .
• Microsoft , with a current market cap of $ 3.16 trillion ($ 379 billion more than Nvidia ) and an average annual growth rate of 13.44 %, is anticipated to be the second company to reach a $ 4 trillion valuation by mid-2026 .
• Apple , worth $ 3.342 trillion as of the time of writing , is likely to follow , assuming it maintains a similar growth trajectory . Meta Platforms ( META ), formerly known as Facebook , is also making significant strides with an average annual growth rate of 49.63 % and is forecasted to achieve a 4 trillion-dollar status even before Amazon .
• Google , with a market cap of $ 2.065 trillion and an average annual growth rate of 10.23 %, is expected to be the last to reach the $ 4 trillion mark by mid-2031 . Amazon , on the other hand , is expected to hit this valuation about three years earlier .
28 INTELLIGENTCIO APAC www . intelligentcio . com