This category includes Apple, Microsoft, Nvidia, Alphabet, Amazon, Saudi Aramco, Meta Platforms and Berkshire Hathaway.
$ 1 trillion and entered the coveted «trillion dollar club» , which includes the true giants of the corporate world.
Specifically, this category also includes Apple ($3.31 trillion), Microsoft ($2.99 trillion), Nvidia ($2.58 trillion), Alphabet ($1.83 trillion), Amazon ($1.82 trillion), Saudi Aramco ($1.77 trillion) and Meta Platforms ($1.28 trillion).
But beneath these giants, there are two other multinational corporations that are worth more than US$800 billion and could soon enter the select club , as they are growing very quickly by dominating their respective markets.
TSMC
As of today, Taiwan Semiconductor Manufacturing Company (TSMC) has a market capitalization of US$838 billion as its stock has soared 82% in dollar terms over the past year.
In this case, the growth potential comes from artificial intelligence (AI). Today, the Asian contract semiconductor manufacturer is one of the largest suppliers to Apple, Nvidia and other technology heavyweights .
And as its products are increasingly in demand because they are needed for the development of platforms that allow the management of AI algorithms, it is estimated that both its revenues and profits will improve sharply in the coming quarters , which will boost the price of its shares.
Eli Lilly
On the other hand, there is Eli Lilly , the American pharmaceutical company that is valued at US$815 billion after its shares rose 55% since September 2023.
Although the company is in a very «traditional» industry , the truth is that it is innovating with its drugs for obesity and diabetes , diseases that together are among the most massive of the 21st century.
As reported in its latest financial results , demand for its Zepbound and Mounjaro remedies exceeded analysts’ expectations and boosted its shares to a new record.
In the case of both TSMC and Eli Lilly, shares would have to increase by another 22% nominally to gain around US$200 billion more in value and enter the «trillion dollar club . «
