Nvidia
Nvidia is one of the leading manufacturers of GPUs and system-on-a-chip units. The US company’s market cap is valued at $785 billion, with only $215 billion separating it from the $1 trillion milestone. After excellent financial results in 2021, Nvidia could join the trillion-dollar club in 2022, if it sustains its performance. The development of Nvidia’s Omniverse platform, intended to compete with Meta’s Metaverse, could boost the company in the medium term.
Berkshire Hathaway
Warren Buffett’s holding company is valued at $619 billion at the moment. Reaching the $1 billion mark would require Berkshire Hathaway to increase its value by more than 50%. Ashforth considers such a breakthrough highly unlikely - the company’s market cap has risen by an average of 12% per year since 2016. However, Berkshire Hathaway could be boosted by one of its latest investments, Paytm. The Indian payment firm attracted $300 million in investments from Buffett’s holding company in 2018.
Taiwan Semiconductor Manufacturing Co.
TSMC, a Taiwanese chip manufacturer, is the second largest company by market cap in its field. It is valued at over $574 billion. Thanks to rising demand for semiconductors as well as the production of new 4 nm and 3 nm CPUs starting next year, the company could extend its dominance in the chip market and shatter the $1 trillion milestone.
JPMorgan Chase & Co.
JPMorgan Chase & Co rose in value by 71% over the past year. To get into the trillion-dollar club, the US financial holding company would have to double its current market cap of $466 billion. According to Will Ashworth, the chances of that are slim. However, he notes that rising interest rates and good financial results could help JPMorgan reach the $1 trillion mark.
Visa
Visa has a market cap of $418 billion. The US financial services corporation increased its revenues by $100 million in the third quarter of 2021, beating market expectations. Visa’s revenues are forecasted to rise by 18% in 2022. The company expects growth in the area of the gig economy, which could have a positive effect on the company’s market cap and help it reach the $1 trillion mark.
Johnson & Johnson
The US manufacturer of pharmaceuticals and medical devices is valued at more than $413 billion, having the highest market cap in the US healthcare sector. Johnson & Johnson is unlikely to shatter the $1 trillion milestone by 2023, as it would require the company to generate an annual return of 52%. Previously, Johnson & Johnson’s annualized total return was 27% over the past 10 years. However, it could hit $1 trillion in 3-4 years.
Alibaba
In 2021, Alibaba lost 30% of its value due to the crackdown by the Chinese government. The online retailer’s current market cap is valued at about $330 billion. While the company’s odds of getting to the $1 trillion mark in 2022 are slim, Alibaba’s active consumer base of 1.2 billion people could help it in 2023.
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