Prediction: Amazon Will Join Apple in the $4 Trillion Club Before 2030
Despite already being a huge company, Amazon still has tremendous success ahead.
Overview
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. Here's why.
Image source: The Motley Fool.
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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.