Investors are always on the lookout for the next company to reach a trillion-dollar market cap. While only a handful of companies achieve this milestone, it remains an aspirational goal for many businesses. For investors, this means constantly monitoring innovators that develop groundbreaking products capable of propelling their market capitalization beyond $1 trillion.
As InvestorPlace analyst Luke Lango pointed out, the iPhone helped Apple (NASDAQ:AAPL) reach this milestone in 2022, making it the most valuable company in the world with a market cap exceeding $2 trillion. Many experts have speculated on which company will be the next trillion-dollar giant, but we were curious about ChatGPT’s perspective on this topic.
ChatGPT has proven to be a highly versatile tool, capable of analyzing a wide range of topics and providing in-depth insights. This includes investment analysis and stock picking. According to InvestorPlace financial news writer Brenden Rearick:
“InvestorPlace has repeatedly tasked ChatGPT with selecting high-growth assets in the stock market and cryptocurrency world. While the chatbot is not up-to-date on the latest stock market news, it possesses sharp quantitative analysis skills…”
With this in mind, Rearick assigned ChatGPT the task of identifying the next trillion-dollar companies. While the AI cannot make direct predictions, it provided a list of companies that have the potential to reach a $1 trillion valuation. Initially, ChatGPT identified industries with trillion-dollar potential, such as AI, medical technology, electric and autonomous vehicles, fintech, and renewable energy. After further questioning, it narrowed the list down to the companies with the highest potential in each category.
Here are the companies ChatGPT believes could become the next trillion-dollar giants.
1. Amazon (AMZN)
With a market cap of $970 billion, Amazon (NASDAQ:AMZN) is already close to reaching the $1 trillion mark. ChatGPT highlights the e-commerce giant’s extensive applications across multiple industries, particularly emphasizing Amazon’s recent investments in AI and robotics as key drivers of future growth. One example is its partnership with AI startup Hugging Face, which enhances Amazon’s exposure to the lucrative AI sector. The chatbot states:
“As the company continues expanding into new markets such as healthcare and advertising and investing in emerging technologies like artificial intelligence and robotics, it could potentially reach a $1 trillion valuation.”
2. NextEra Energy (NEE)
ChatGPT clearly recognizes the strength and potential of the renewable energy sector. NextEra Energy (NYSE:NEE) is one of the leading companies in this field, with significant market share and impressive growth. The chatbot sees NextEra as a standout player in the clean energy industry, stating:
“NextEra Energy is already one of the world’s largest producers of wind and solar power, and its focus on renewable energy and sustainability could help it continue growing and reach a $1 trillion valuation.”
Additionally, NextEra is a strong dividend stock, making it attractive to investors seeking stability. This combination of growth and income potential positions it well as a future trillion-dollar company.
3. Moderna (MRNA)
During the Covid-19 vaccine race, Moderna (NASDAQ:MRNA) established itself as a leading biotech company. Now, ChatGPT believes its medical technology applications give it trillion-dollar potential. While the bot’s reasoning was somewhat broad, it provided this classification:
“Moderna gained significant attention and market value during the Covid-19 pandemic through its successful development of mRNA vaccines. As the company continues developing and commercializing other mRNA-based therapies, it could potentially reach a $1 trillion valuation.”
Interestingly, ChatGPT also classifies Moderna as a meme stock, likely due to its high-profile status in 2021. That year, MRNA stock frequently made headlines, which may have influenced the chatbot’s analysis.
4. Nvidia (NVDA)
It’s no surprise that Nvidia (NASDAQ:NVDA) is among ChatGPT’s picks for the next trillion-dollar company. The Silicon Valley favorite is at the forefront of the AI revolution, and its GPUs power everything from gaming to data centers to autonomous vehicles. When asked for a list of top AI stocks, ChatGPT ranked Nvidia second, just behind the already trillion-dollar company Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL).
This time, the chatbot provided a more detailed analysis of why Nvidia could reach the $1 trillion milestone:
“Nvidia is a leading semiconductor and GPU company with a market cap of around $500 billion. Several factors support the belief among analysts and investors that Nvidia could reach a $1 trillion valuation in the future.”
These factors include its dominance in AI and data centers, diversification into new markets, strong investor confidence, and solid financials. While Nvidia’s market cap has since risen to $586 billion, ChatGPT’s reasoning remains valid.
5. Illumina (ILMN)
Illumina (NASDAQ:ILMN) may not be as well-known as some of the other companies on this list, but that doesn’t mean investors should overlook it. As InvestorPlace contributor Larry Ramer points out, the biotech firm is a leader in genome sequencing, which he describes as “the key to unlocking precision medicine.” ChatGPT shares this optimism, stating:
“Illumina is a leader in genomics and genetic testing, providing sequencing and analysis solutions to researchers, clinicians, and biotech companies. Several factors contribute to its growth potential.”
The chatbot highlights Illumina’s track record of innovation, increasing demand for genetic testing, expansion into new markets, and focus on partnerships and product diversification as key reasons for its trillion-dollar potential.
6. Tesla (TSLA)
Given that ChatGPT identified electric and autonomous vehicles as top investment opportunities, it’s no surprise that Tesla (NASDAQ:TSLA) made the list.
Despite facing criticism over self-driving technology safety concerns, Tesla remains the leader in the EV industry. Even as competitors try to catch up, Tesla continues to set the pace in the market. According to InvestorPlace contributor Bret Kenwell, Tesla has already reached a $1 trillion market cap before and could return to that level. ChatGPT agrees, stating:
“Tesla is currently the largest automaker by market capitalization, close to $600 billion. As the company continues expanding EV production and autonomous driving capabilities, it could potentially reach a $1 trillion valuation.”
7. Block (SQ)
A consistent winner in the fintech sector, Block (NYSE:SQ) has emerged as a dominant player in mobile payments. Led by former Twitter CEO Jack Dorsey, the company has been recovering from a tough year. However, this isn’t the first time ChatGPT has picked Block as a high-growth stock.
Recently, InvestorPlace assistant news writer Shrey Dua asked ChatGPT for a list of tech stocks with the highest 5-year growth potential. Block ranked just below Nvidia, alongside Apple and Amazon. When asked about Block’s future, ChatGPT responded:
“[Block] has been on a steady growth trajectory since its founding in 2009 and already has a market capitalization exceeding $100 billion. With its focus on innovative financial solutions for small businesses, the company could potentially continue growing and reach a $1 trillion valuation.”
Final Thoughts
While no one can predict the future with certainty, ChatGPT’s selections highlight high-potential companies across key industries like AI, biotech, renewable energy, fintech, and EVs. These stocks represent some of the most promising investment opportunities in the market today.
