Intelligent CIO North America Issue 51 | Page 29

INFOGRAPHIC
Methodology
The team at BestBrokers looked at the 50 most valuable global companies as of July 29 , 2024 , sourced from CompaniesMarketCap . com .
Though Nvidia emerges as is the frontrunner , BestBrokers acknowledges the possibility of a lesserknown company surprising the market and become the first to reach a $ 4 trillion valuation – pointing out that few would have predicted Nvidia ’ s remarkable surge back in 2022 , considering its market cap was only $ 364.18 billion then .
They calculated how much each company ’ s market capitalisation has increased on а yearover-year basis between 2022 and July 2024 and took the average of these percentages .
The team then applied this average growth rate to every firm ’ s market capitalisation as of the time of preparing the report . This allowed them to project the approximate time it will take for each company to reach a market value of $ 1 trillion or more – starting from the date at the time of writing .
The calculations revealed that among the current trillion-dollar club members , Nvidia is the only company on track to achieve a $ 4 trillion market cap within the next year – despite a sudden drop in its shares as fears of a recession triggered a global market sell-off .
The BestBroker calculations show that Microsoft is likely to be the second company to reach a $ 4 trillion valuation . With a current market cap of $ 3.16 trillion – $ 379 billion more than Nvidia – and an average annual growth rate of 13.44 %, Microsoft is expected to achieve this milestone by mid-2026 with Apple likely the next to follow should its growth continue at a similar pace , while Meta Platforms ( META ), better known by its former name , Facebook , is projected to hit the $ 4 trillion milestone by early August 2027 .
Google , with a market cap of $ 2.065 trillion and an average annual growth rate of 10.23 %, is anticipated to be the last to reach $ 4 trillion , likely by early May 2031 . p
Meanwhile , Microsoft and Apple are projected to reach this milestone by 2026 – well before Google which is not expected to reach this valuation until mid-2031 .
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