Prediction: Amazon Will Surpass Microsoft's Market Cap and Join the $3 Trillion Club By the End of Summer
Key takeaways
- MSFT AMZN NVDA The market cap gap between Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) is narrowing.
- Amazon s market cap enters this week at $2.6 trillion.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
MSFT AMZN NVDA The market cap gap between Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) is narrowing. Amazon s 6% climb this year may not seem like much. It s not close to beating the market. However, Microsoft s 22% year-to-date drop is bringing the two titans surprisingly close.
Amazon s market cap enters this week at $2.6 trillion. Microsoft has fallen to $2.8 trillion. Simple math suggests that Microsoft will return to the $3 trillion market-cap club first, joining three other "Magnificent Seven" stocks already there. But I don t think it will play out that way. Amazon has the stronger case for passing up Microsoft on the open road, hitting the round $3 trillion mark first. And I think it can happen later this summer.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »