2 stocks that could reach trillions of dollars by 2030
Achieving a market capitalisation of one trillion dollars is an incredibly challenging milestone that has so far been achieved by only a few global giants, especially in the technology sector, such as Apple, Amazon, Microsoft and Nvidia. But this exclusive group doesn't have to stay closed forever. Some companies have the potential to join it if they continue their growth.
In this article, we look at two companies that could reach trillions of dollars by 2030. Which companies are they?
Visa $V: The royal road to global growth
Visa, which operates one of the largest payment networks in the world, plays a key role in everyday transactions around the world. The company has benefited from a long-term trend away from cash and toward cashless payments, which has given it great results over the past decade. Currently, Visa is just under the $550 billion market capitalization mark, which means it would need to achieve a compound annual growth rate (CAGR) of around 10.5% to reach $1 trillion by…
Visa doesn't interest me that much. Much more interesting is $NVO stock as it has a lot of potential, but unfortunately the price is currently too high to buy.