By Getting to a $1 trillion market cap is such a challenging milestone that only a handful of corporations have done it. The list includes several tech giants, such as Nvidia (NASDAQ: NVDA), Meta Platforms (NASDAQ: META), Apple (NASDAQ: AAPL), Amazon (NASDAQ: AMZN), and Microsoft (NASDAQ: MSFT). Though this elite club is highly exclusive, more companies will eventually join it. Stocks that are headed that way might be worth serious consideration. Let’s look at two: Visa (NYSE: V) and Novo Nordisk (NYSE: NVO). These companies could be trillion-dollar stocks by 2030.
1. Visa
Visa runs one of the largest payment networks in the world, helping facilitate millions of daily credit card transactions. The company has delivered excellent returns during the past decade as cash transactions continue to be replaced by other payment forms. Visa’s market cap is just under $550 billion as of this writing — so it needs a compound annual growth rate (CAGR) of about 10.5% to become a trillion-dollar company by the end of 2030. That’s well within the company’s powers. For one, Visa has performed much better than that during the past decade.
The drugmaker should earn important approvals during the next few years, which will help it continue generating excellent financial results through the end of the decade. Becoming a trillion-dollar stock by 2030 is well within Novo Nordisk’s reach, and it should continue beating the market beyond that.
Should you invest $1,000 in Visa right now?
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Prosper Junior Bakiny has positions in Amazon and Meta Platforms. The Motley Fool has positions in and recommends Amazon, Apple, Mastercard, Meta Platforms, Microsoft, Nvidia, and Visa. The Motley Fool recommends Novo Nordisk and recommends the following options: long January 2025 $370 calls on Mastercard, long January 2026 $395 calls on Microsoft, short January 2025 $380 calls on Mastercard, and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.
Prediction: These 2 Stocks Will Join Nvidia, Meta, Apple, Amazon, and Microsoft in the Trillion-Dollar Club by 2030 was originally published by The Motley Fool
