Nvidia Just Hit a $5 Trillion Market Cap -- and I Predict This Company Will Join It Within 3 Years

Dominant AI chip market leader Nvidia (NASDAQ: NVDA) recently became the first company to exceed a $5 trillion market cap, thanks to surging demand for AI infrastructure. But I don't think Nvidia will be the only member of the newly created $5 trillion club for long.Although it isn't the next-largest company in the market (it's actually the fifth largest), I think Amazon (NASDAQ: AMZN) has a better chance of becoming the next $5 trillion company than many investors believe.For one thing, Amazon's recent earnings showed strong momentum throughout its business, with 20% year-over-year revenue growth in the market-leading AWS business, 24% growth in advertising revenue, and massive demand for AI services. In fact, Amazon announced a $7 billion increase from its previous full-year capital expenditures forecast and said the $125 billion spending number is likely to get even larger next year. Even the core e-commerce marketplace grew by double digits.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool