A huge revenue pipeline has made this cloud computing giant an ideal candidate to join the trillion-dollar market cap club.
The rapid growth of artificial intelligence (AI) in the past three years has helped quite a few companies enter the trillion-dollar market cap club, including Nvidia , Broadcom , and TSMC . The good part is that the proliferation of AI is still in the early stages.
According to one estimate, the global AI market is likely to clock a compound annual growth rate of nearly 36% through the end of the decade. So, it won't be surprising to see this technology help more companies enter the club of companies with market caps above $1 trillion. I think cloud giant Oracle ( ORCL -1.71% ) will be the next company to achieve a trillion-dollar market cap.
AI has