Nvidia recently became the first ever $4 trillion company in the world. Its rapid ascension in value stems from growing demand for artificial intelligence.
But Nvidia isn’t the only company that’s seen its market value soar to multitrillion-dollar levels on the back of AI-fueled growth. The three biggest cloud computing providers — Amazon, Microsoft, and Alphabet — all boast market caps above $2 trillion. Meanwhile, Apple remains one of the most valuable companies in the world as it works to catch up on its AI capabilities.
But the $2 trillion club may be about to get a little bigger. One company is showing strong financial results stemming from the rapid advancements of artificial intelligence over the last few years. In fact, I predict it will surpass the $2 trillion market cap milestone before the end of the year.