It was just a couple of weeks ago when Apple's market capitalization eclipsed $5 trillion. Weaker-than-expected Q4 revenue guidance tanked the share price. As of Aug. 10, the dominant consumer technology enterprise sports a valuation of $4.5 trillion.
Amazon (NASDAQ: AMZN) isn't far behind -- the e-commerce, cloud computing, and digital advertising behemoth carries a market cap of $3 trillion. I believe this business will have no problem joining Apple in the $4 trillion club before 2030. This Rare Signal Is Flashing Again.
In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue » Amazon reported $717 billion in net sales in 2025.
Sell-side analysts have a consensus view that in 2028, that figure will grow to $1.1 trillion. This translates to a 15% compounded annual growth rate over the three-year time period. This is an enormous company.
But the expansion story isn't finished. The market cap will keep climbing as the business keeps succeeding in key areas. Amazon is a leader in online shopping, for instance.
There is a long runway for continued growth. In the U.S., e-commerce has only captured 16.9% of all retail spending. Amazon's marketplace possesses a phenomenal network effect.
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