Meet This Eventual Member of the $1 Trillion Club. The Stock Trades Below 15x Forward Earnings and Is Not a Pure-Play Artificial Intelligence (AI) Stock.
There are now over a dozen publicly traded companies with market caps exceeding $1 trillion.
Overview
There are currently 15 publicly traded stocks in the world with a market cap north of $1 trillion. Several others are knocking on the door.
Once unimaginable, the advent of artificial intelligence has made the $1 trillion market-cap club much more achievable. Although there are a few outliers, such as Berkshire Hathaway and Saudi Aramco, the bulk of the members in this club have benefited from big tech, particularly AI.
Details
AI is the greatest technological innovation since the internet, and many investors believe it could even be more disruptive. But that's also made the AI trade crowded.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.