The trillion-dollar market cap club is an exclusive one, but it could grow in the years ahead. What other companies could grow to the size of businesses like Amazon and Apple? In this Fool Live video clip, recorded on March 8, Fool.com contributors Matt Frankel, CFP, and Jason Hall, along with chief growth officer Anand Chokkavelu, discuss three companies they could see reaching a trillion-dollar market cap in the not-too-distant future.
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Anand Chokkavelu: What company could join big tech in the next five to 10 years? I will start with mine, which is salesforce.com (NYSE: CRM). I think Salesforce is an amazing business. Usually, I don't love a serial acquirer, but they have been
Jason Hall: They've shown they can do it. That's the thing.
Chokkavelu: Give me a couple of decades of performance, and I'm like, "OK, I believe you." I was a big Slack fan before the merger was announced or the acquisition. I think what Slack will enable Salesforce to do is just broaden its ability to deliver things. Just like when we're talking about Microsoft penetrating so many businesses, that's why Microsoft Teams does so well and get so much adoption because it's already there. I think Salesforce can be the next one, it's already a $200 billion market-cap company. It's not trailing by that much as a dark horse. But these are such behemoths that it is one. What about you two?
Matt Frankel: I'll go with one that's a little smaller, Pinterest (NYSE: PINS). I think Pinterest has the potential to be not only a Facebook-size social network eventually, but also has the potential to really get a big stake in e-commerce. I could see that becoming a trillion-dollar business at some point.
Hall: I'm going to cheat a little bit and say if we expand our view a little bit, Taiwan Semi (NYSE: TSM) already is. It's a $640 billion company. If you want to think about one that could grow into it, that's already in the S&P 500, NVIDIA (NASDAQ: NVDA). All of these companies, everything about them, everything that's happening in the world is going to drive the need for more semiconductors in every aspect of our lives. I think maybe NVIDIA is one that it's too easy to overlook.
Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. John Mackey, 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 its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Anand Chokkavelu, CFA owns shares of Amazon, Pinterest, and Salesforce.com. Jason Hall owns shares of Amazon, NVIDIA, and Pinterest. Matthew Frankel, CFP owns shares of Apple and Pinterest and has the following options: short February 2021 $140.0 calls on Apple. The Motley Fool owns shares of and recommends Amazon, Apple, Facebook, Microsoft, NVIDIA, Pinterest, Salesforce.com, Slack Technologies, and Taiwan Semiconductor Manufacturing. The Motley Fool recommends the following options: long January 2022 $1920.0 calls on Amazon, long March 2023 $120.0 calls on Apple, short January 2022 $1940.0 calls on Amazon, and short March 2023 $130.0 calls on Apple. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
