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Wall Street’s exclusive $1 trillion market cap club currently boasts nine members, but all eyes are now on which company will be the next to join the elite group, rounding out the top 10.
So far, the $1T milestone has been reached by a select group: The Magnificent Seven tech giants—Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), Nvidia (NASDAQ:NVDA), Meta Platforms (NASDAQ:META), and Tesla (NASDAQ:TSLA)—along with Broadcom (NASDAQ:AVGO) and Berkshire Hathaway (NYSE:BRK.B).
But as market dynamics evolve, several other heavyweights are inching closer to the threshold.
Who’s Next in Line?
The race to $1T is heating up. Based on current market capitalizations, the next wave of contenders ranges from just under $400B to nearly $800B. Topping that list is Walmart (NYSE:WMT), with a market cap of $780.7B, putting it within the closest striking distance of becoming the next trillion-dollar stock.
Here’s a snapshot of the top 10 companies currently positioned just below the $1 trillion mark:
No. 10: Procter & Gamble (NYSE:PG): Market cap of $393.3B.
No. 9: Exxon Mobil (NYSE:XOM): Market cap of $446.1B.
No. 8: Costco Wholesale (NASDAQ:COST): Market cap of $451.6B.
No. 7: Oracle (NYSE:ORCL): Market cap of $454B.
No. 6: Netflix (NASDAQ:NFLX): Market cap of $515.6B.
No. 5: Mastercard (NYSE:MA): Market cap of $521.7B.
No. 4: Eli Lilly (NYSE:LLY): Market cap of $687.3B.
No. 3: Visa (NYSE:V): Market cap of $712.2B.
No. 2: JPMorgan Chase (NYSE:JPM): Market cap of $737.3B.
No. 1: Walmart (NYSE:WMT): Market cap of $780.7B.
Market cap data is per Bespoke Investment Group.