"Amazon will have revenue of about $720 billion this year, which will put it slightly ahead of Walmart's $700 billion. Walmart Inc. ( NYSE: WMT) has been the largest American company based on revenue for a decade. At its current growth rate, Walmart will have revenue of $790 billion in 2028. Apple Inc. ( NASDAQ: AAPL) revenue will be about $520 billion this year. At its current revenue growth rate, that figure will be $720 billion three years from now."
"Given the growth rate of Nvidia Corp. ( NASDAQ: NVDA), it should be a candidate to cross the $1 trillion revenue mark first. However, it is too small now to reach $1 trillion in 2028. Even at a growth rate of 60% year over year, its current revenue is only $240 billion, so the 2028 figure will be $940 billion. What Does Amazon Have? Amazon has one revenue stream that will be a drag on growth and one that will be an engine."
"Its e-commerce growth rate is 10% year over year. Almost four out of five dollars of Amazon revenue comes from e-commerce. The balance is from AWS, which has a current annual growth rate of 22%. Which of Amazon's businesses is likely to be most supercharged by artificial intelligence? AWS. As the largest cloud computing company in the world, it can leverage its OpenAI deal, which at $38 billion has been described as the single largest AI integration in history. In addition, Amazon is in the chip business, and industry observers say it could challenge Nvidia on that front. Amazon is in a prime position to build out AI data centers, which are at the core of any AI company's expansion. Amazon is in the midst of a $100 billion data center expansion."
Amazon is projected to exceed $1 trillion in annual revenue by 2028 using current growth rates. Amazon's estimated revenue this year is about $720 billion, slightly ahead of Walmart's $700 billion, while Walmart could reach $790 billion in 2028. Apple is projected from roughly $520 billion to $720 billion in three years. Nvidia at $240 billion today would reach about $940 billion by 2028 even at 60% annual growth. Amazon's revenue mix is largely e-commerce with 10% growth, while AWS grows about 22% and is positioned to be accelerated by AI and a $100 billion data center build-out.
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