"Nvidia, the world's largest company, dominates the AI chip market. Meanwhile, Microsoft's tremendous revenue backlog created by the booming demand for its AI cloud and productivity services is one of the reasons why it is the second-biggest company in the world. Apple, the other name on the $3 trillion-plus market cap list, is also looking to capitalize on the proliferation of AI to supercharge its growth."
"Meta Platforms is the sixth-largest company in the world with a market cap of $1.9 trillion. It is known for its family of social media applications, including Instagram, Facebook, Threads, and WhatsApp, which have billions of users. This puts Meta in a terrific position to capitalize on the massive digital advertising market."
Four companies now exceed $3 trillion in market value, with accelerating artificial intelligence adoption a major driver. Nvidia dominates the AI chip market. Microsoft benefits from AI-driven demand for cloud and productivity services. Apple and Alphabet are positioning products and cloud and ad capabilities around AI. Meta Platforms, valued at $1.9 trillion, operates Facebook, Instagram, Threads and WhatsApp, giving it billions of users and significant ad inventory. Market research projects the digital advertising market could reach about $1.1 trillion by 2030. Meta is deploying AI to boost engagement across apps and to provide advertisers AI tools for improved audience targeting, aiming to capture a large share of that opportunity.
Read at The Motley Fool
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