The list of companies that have market capitalizations greater than $1 trillion continues to grow with Broadcom Inc AVGO recently joining the club after its quarterly financial results sparked a rally in shares.
A Benzinga poll asks readers which company could be next to join the elusive club.
What Happened: Less than two years ago, investors could count on one hand the number of companies that were valued at more than $1 trillion. That changed in May 2023 when NVIDIA Corporation NVDA became the sixth company in the club and ninth public company in history to be valued at more than $1 trillion.
Fast forward to December 2024 and there are now 10 companies valued at $1 trillion or more. Berkshire Hathaway Inc BRK BRK crossed the milestone earlier this year and currently hovers near it again, with a market capitalization of $983 billion.
Here is the current list of members in the $1 trillion market capitalization club, according to Companiesmarketcap.com:
- Apple: $3.82 trillion
- Microsoft: $3.35 trillion
- Nvidia: $3.30 trillion
- Amazon.com: $2.43 trillion
- Alphabet: $2.39 trillion
- Saudi Aramco: $1.83 trillion
- Meta Platforms: $1.57 trillion
- Tesla: $1.52 trillion
- Broadcom: $1.10 trillion
- Taiwan Semiconductor: $1.06 trillion
Benzinga recently asked who will be the next company to join the club for the first time with Berkshire Hathaway left out due to its close proximity and the fact it had already been in the club.
"Following Broadcom, which company will join the $1 trillion club next?" Benzinga asked.
The results were as follows along with the market caps at the time the poll was conducted:
- Walmart Inc WMT, $759 billion: 53%
- Eli Lilly LLY, $757 billion: 24%
- JPMorgan Chase JPM, $675 billion: 13%
- Visa Inc V, $619 billion: 9%
Over half of readers polled said they believe Walmart will be the next company to join the $1 trillion club for the first time, followed by Eli Lilly at around one fourth of readers.
Here's a look at the current year-to-date and five-year returns of the four stocks featured in the poll:
Chart created using ChatGPT.
The chart above shows that while Walmart is the top gainer year-to-date, it is Eli Lilly that has the better five-year stock growth.
Read Also: Nancy Pelosi Loads Up On More Nvidia Shares, Buys Broadcom Options
Why It's Important: Broadcom stock is up 28% over the last five days and up over 113% year-to-date. The company beat fourth-quarter analyst earnings per share, missed revenue estimates and provided guidance that was in-line. The guidance and positive outlook was enough to send shares higher and provide entry into the club.
Tesla Inc TSLA, which was previously a member of the club, has rejoined the $1 trillion club thanks to impressive gains for the electric vehicle stock since Donald Trump won the 2024 presidential election.
Meta Platforms META is another company that was previously in the $1 trillion club years ago and rejoined the club earlier this year.
In August, Benzinga polled readers to ask which company they thought would hit the $1 trillion valuation next after Berkshire Hathaway joined.
The results were:
- Eli Lilly: 43%
- Taiwan Semiconductor: 25%
- Tesla: 19%
- Broadcom: 11%
- Walmart: 3%
That poll was conducted when Eli Lilly and Taiwan Semiconductor both traded with market capitalizations of around $800 billion. Readers ended up being wrong with Eli Lilly still out of the club, while Taiwan Semiconductor, Tesla and Broadcom have all joined in recent months.
Read Next:
The study was conducted by Benzinga from Dec. 16 through Dec. 17, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 128 adults.
Image created using artificial intelligence via Midjourney.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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