1 Unstoppable Stock That Could Join Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta in the $1 Trillion Club [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
If you're looking for evidence of this trend, nowhere is it more apparent than the list of the world's largest companies when measured by market cap. Microsoft , at the forefront of AI-powered assistants , boasts a market cap of $3.37 trillion, ahead of the previous champ. Apple , at $3.27 trillion, has dabbled in AI for more than a decade and recently announced sweeping AI updates for many of its devices. Nvidia has been the poster child of AI chipmakers and the third company to sport a market cap of more than $3 trillion. The leaders are followed closely by Alphabet Amazon , and Meta Platforms -- all leaders in generative AI -- with market caps of between $1.31 trillion and $2.29 trillion. With a market cap of roughly $891 billion (as of this writing), Taiwan Semiconductor Manufacturing (NYSE: TSM) , often referred to as TSMC, is on track to join this elite group of businesses, probably sooner than later. The adoption of AI continues to gain ground, buoying demand for chips used
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News
- Meta Platforms, Inc. (META): One of the Best Growth Stocks According to Ray Dalio? [Yahoo! Finance]Yahoo! Finance
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- 2 Trillion-Dollar Artificial Intelligence (AI) Stocks to Buy and Hold Forever [Yahoo! Finance]Yahoo! Finance
- Is Meta Platforms Inc (NASDAQ:META) an Overbought AI Stock in 2024? [Yahoo! Finance]Yahoo! Finance
META
Earnings
- 2/1/24 - Beat
META
Sec Filings
- 6/28/24 - Form 144
- 6/27/24 - Form 4
- 6/27/24 - Form 144
- META's page on the SEC website