According to the latest sources, both Tencent and Nvidia are looking to join one of the most exclusive corporate clubs there is — namely, the 1$ trillion capitalization set club.
Specifically, ever since Tesla’s ascent into the club (whose market cap reached $270 billion last August), experts predicted that the next member will also be from the same niche. In other words, the tech industry.
As a result, the biggest competitors for the spot are Tencent Holdings Ltd. and Nvidia Corp. In fact, Tencent is touted by many as China’s leader in the digital sphere while Nvidia is said to represent the future of AI and gaming.
However, to enter the prestigious club, both companies have to raise their stocks by approximately 60%. Consequently, Nvidia has better chances overall seeing how the company’s stocks have skyrocketed by an impressive 75% over the past five years.
Tencent, on the other hand, was close to hitting the grand milestone at the beginning of the year, yet the crackdown on gaming and digital companies in China took its toll on the tech giant.
What’s more, the first company to join the big boy’s club from the old continent would be ASML — the largest equipment supplier in the semiconductor industry.
Additionally, most experts agree that cleantech will bring massive opportunities in the very near future as clean energy and climate change (awareness) become more widespread.
Others believe that the next one-trillion-dollar company will be a “spin-off” from one of the existing heavyweight players. For instance, YouTube was a by-product of Alphabet Inc., much like AWS hived off from Amazon relatively recently.