Amazon and Meta Could Surpass Apple's Market Cap by 2035
Published on Β· Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowApple has a market capitalization of $3.7 trillion, making it the second most-valuable company globally. Amazon's current market cap is $2.27 trillion, and its advertising business generates nearly $60 billion in annual sales. Meta Platforms has a market cap of $1.4 trillion and reported a revenue increase of 16% and an EPS rise of 73% in 2023. Both companies are leveraging AI to enhance profitability and potentially exceed Apple's market value in the next decade.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Meta Platforms Inc. (META)
Meta Platforms owns Facebook, Instagram, WhatsApp, and Messenger, earning almost all of its revenue from digital advertising while investing heavily in AI and the metaverse.
The Communication Services sector covers media, entertainment, telecom and interactive companies that connect and inform people.
Earlier META news
- Meta Platforms Stock Falls to 52-Week Low Amid Legal Challenges
- Meta Increases West Texas AI Data Center Investment to $10 Billion
- Meta and YouTube Found Liable in $3M Social Media Addiction Case
- Meta and YouTube Found Negligent in Social Media Addiction Lawsuit
- New Mexico Jury Awards $375 Million Against Meta for Child Safety Violations
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
