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2023/06/07

Trillion-Dollar Club Gets New Member

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AN OXFORD CLUB PUBLICATION

Liberty Through Wealth

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THE SHORTEST WAY TO A RICH LIFE

A New Member of the Trillion-Dollar Club

Matt Benjamin | Senior Markets Expert | The Oxford Club

Matt Benjamin

Last week, Nvidia (Nasdaq: NVDA) briefly joined the trillion-dollar club.

The chipmaker's share price touched $419 in intraday trading, pushing its market cap above $1 trillion (it recently fell back a bit).

That placed it amongst rare company, as only a handful of firms have ever been worth $1 trillion. These include Apple (Nasdaq: AAPL), Microsoft (Nasdaq: MSFT), Saudi Aramco (Tadawul: 2222), Alphabet (Nasdaq: GOOG) and Amazon (Nasdaq: AMZN).

(Note: In the upcoming July issue of The Oxford Communiqué, Alexander Green writes about another company he thinks has the potential to join this elite club.)

Apple was the first company to exceed $1 trillion, doing so back in July 2018. Since then, it's been growing at a healthy clip, and it's now valued at more than $2.9 trillion.

But will the iPhone maker ever lose its coveted No. 1 ranking?

DISCOVER THE ANSWER HERE
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