"Advances in technology over the past two decades have shifted the landscape in terms of the world's most valuable companies. Once upon a time, industrial and energy stalwarts led the way, but those days are long gone. For instance, ExxonMobil and General Electric ruled the roost in 2005, with market caps $375 billion and $362 billion, respectively. Now, just 20 years later, technology leaders top the charts. Not coincidentally, many of those companies are at the forefront of artificial intelligence (AI)."
"Despite those advances, there are still only four companies valued at $3 trillion or more, and all are household names. Nvidia made its fortune as an AI chipmaker and currently leads the field at $4.3 trillion. Software and cloud titan Microsoft is close behind with a market cap of $3.8 trillion. iPhone maker Apple and search giant Alphabet round out the group, valued at $3.5 trillion and $3 trillion, respectively."
"With a market cap of $1.9 trillion, it might seem a bit early to be putting forth Meta Platforms for membership in the $3 trillion club, yet in some ways it seems inevitable. Its recent performance and AI strategy have positioned the company for future success, as evidenced by its stock price gains of 537% (as of this writing) since the dawn of generative AI in early 2023."
Technology companies have displaced industrial and energy firms as the world's most valuable companies, with many leading in artificial intelligence. Nvidia, Microsoft, Apple, and Alphabet currently exceed or approach $3 trillion in market value. Meta Platforms holds a $1.9 trillion market cap and has delivered a 537% stock gain since early 2023, driven by generative AI advances. Meta serves more than 3 billion daily users and uses machine learning to target advertising and surface relevant content. Generative AI tools for marketers streamline ad creation and strengthen Meta's position to capture digital advertising growth and future valuation gains.
Read at The Motley Fool
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