Keith Speights from The Motley Fool suggests that Apple has upcoming growth catalysts that could propel it to a $10 trillion market cap, alongside Nvidia and Alphabet.
Keith Speights for The Motley Fool:
I predict that the following three artificial intelligence (AI) stocks will be worth over $10 trillion by 2035.
1. Nvidia
2. Apple: Apple became the first stock to sustain a market cap of over $1 trillion. I believe it will be among the elite group of stocks worth $10 trillion or more by 2035. To accomplish this, Apple would need to nearly triple its current market cap of around $3.4 trillion. Is that doable? Yes, if the company can deliver a compound annual growth rate of 11.4%.
The good news is that Apple is already achieving the earnings growth needed. The company’s earnings per share jumped 12% in its latest quarter. The better news is that Apple could have catalysts on the way that accelerate its growth.
Rumors are rampant that Apple plans to launch a foldable iPhone next year. Bloomberg recently reported that the company will introduce a countertop robot in 2027. These AI companions would incorporate a turbocharged and more visual version of Apple’s Siri AI assistant.
Perhaps the most important new growth driver for Apple, though, could be AI glasses. The first version of the new device could come as soon as 2026 and compete against Meta Platforms’ popular smart glasses.
3. Alphabet
MacDailyNews Take: From Keith’s pen to Mr. Market’s ticker! Read more about how Speights sees Nvidia and Alphabet getting to $10 trillion by 2035 here.
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