Microsoft Corporation(MS), Apple, and Nvidia compete for the top spot in market capitalization, drawing attention to which company will be the first to surpass $4 trillion.
As of the 17th, the current market capitalization ranking is as follows: MS at $3.33 trillion, Apple at $3.32 trillion, and Nvidia at $3.22 trillion. The fourth place is Alphabet, Google’s parent company, with a market capitalization of $2.19 trillion, trailing significantly behind the top 3.
Recently, Wall Street has seen fierce competition between MS, Apple, and Nvidia for the top spot in market capitalization. Particularly, the gap between first and third place is only $111 billion, indicating that the rankings are highly volatile.
A shared trait of these three companies is that they are all leading stocks in artificial intelligence (AI). Nvidia, in particular, stands out for producing AI-specific chips and spearheading the AI boom on Wall Street.
MS, holding the largest shareholder of Open AI, which ignited a surge in the generative AI boom on Wall Street through the creation of ChatGPT, is the most proactive among American tech giants in AI.
Although Apple is lagging behind MS, it has recently made bold strides into the AI market by incorporating generative AI search into its iPhones.
Apple’s stock has been soaring lately, fueled by expectations of increased iPhone demand following the announcement of AI search being incorporated into iPhones.
Considering that the AI boom is in its early stages, all three stocks have significant potential for growth.
As a result, the primary focus in the market is on which company will be the first to surpass $4 trillion in market capitalization.
In a report released on the 17th, Wedbush, a well-known American securities firm, predicted that these three companies will engage in fierce competition to surpass $4 trillion in market cap.
Wedbush analysts listed each company’s strengths and predicted, “All tech companies are rushing to adopt AI, accelerating the AI industrial revolution. A broader AI rally will unfold by 2025,” adding, “In this process, a company surpassing $4 trillion in market cap will emerge.”
