Microsoft predicted to become largest company, Nvidia second, Amazon third in 2029

From Nasdaq: 2024-07-28 05:35:00

In 2029, Microsoft is predicted to become the largest public company, surpassing Apple due to the increased importance of software over hardware and advancements in AI technology. Nvidia is expected to climb to the second-largest company spot with its leading GPU technology driving massive revenue growth. Amazon is forecasted to rise to the third-largest company position, leveraging its diverse revenue streams, including AWS, e-commerce, advertising, robotics, and AI. Despite concerns about Nvidia’s valuation, its stock is anticipated to outperform Apple’s by 2029. Amazon’s potential in robotics and AI could help it surpass Alphabet and Apple in market cap by 2029.



Read more at Nasdaq: Opinion: These Will Be the 3 Largest Companies in 2029