When it comes to the giant corporations of today, the stakes get higher and higher. We’re not talking millions, and we’re not talking billions—we’re talking trillions.
There are two companies that are expected to reach a value of $2 trillion sometime soon, and they’re Microsoft and Amazon.
Last week, Microsoft’s shares jumped 0.9% to 260.58 a share, marking an all-time high for the stock. This brought their value to approximately $1.97 trillion, so they’re literally knocking on the door to $2 trillion.
Amazon, however, are right on their heels. S&P 500 analysts believe that Amazon stock will soar a whopping 25% throughout the next year, and that they’ll eventually hit 4,036.72 a share. If these analysts’ predictions hold true, Amazon will hit $2.03 trillion within the year as well.
We’d be remiss, however, if we didn’t give credit to Apple, which was first to reach the $2 trillion threshold. They hit the mark in August of 2020, which was a mere two years after they had reached a trillion. Contrast that spike with the 40 years it took the tech giant to reach one trillion.
Regarding Microsoft and Amazon, however, this is all just speculation. Analysts are certainly savvy at predicting trends, but it can be almost impossible to really know what’s going to happen. However, assuming both of them reach the coveted $2 trillion mark, it’ll be interesting to see who gets there first.
