Nvidia Recently Hit A $1 Trillion Market Cap. Which Stock Is Next To Join Club? Here's What Benzinga Users Said.
Portfolio Pulse from Chris Katje
Nvidia recently joined the $1 trillion market cap club, but its membership was short-lived. Benzinga polled its users to see which company could be next to reach the milestone. The results overwhelmingly favored Tesla, followed by Taiwan Semiconductor, Meta Platforms, and Berkshire Hathaway.
June 03, 2023 | 7:31 pm
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POSITIVE IMPACT
Berkshire Hathaway was one of the top contenders in Benzinga's poll for the next company to reach a $1 trillion market cap.
The poll results suggest that investors believe Berkshire Hathaway's stock price could rise, potentially pushing its market cap to $1 trillion. However, this is based on investor sentiment and not necessarily on financial performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Meta Platforms was one of the top contenders in Benzinga's poll for the next company to reach a $1 trillion market cap.
The poll results suggest that investors believe Meta Platforms' stock price could rise, potentially pushing its market cap to $1 trillion. However, this is based on investor sentiment and not necessarily on financial performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Nvidia briefly joined the $1 trillion market cap club, and with strong guidance and increased price targets, it could return to the club by the end of 2023.
Nvidia's strong guidance and increased price targets from analysts suggest that the company's stock price could rise, potentially pushing its market cap back to $1 trillion.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Benzinga's poll results overwhelmingly favor Tesla as the next company to reach a $1 trillion market cap.
The poll results indicate that investors believe Tesla's stock price will rise, potentially pushing its market cap to $1 trillion. However, this is based on investor sentiment and not necessarily on financial performance.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Taiwan Semiconductor was one of the top contenders in Benzinga's poll for the next company to reach a $1 trillion market cap.
The poll results suggest that investors believe Taiwan Semiconductor's stock price could rise, potentially pushing its market cap to $1 trillion. However, this is based on investor sentiment and not necessarily on financial performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80