We can probably all agree that the world will look different in 2034. However, much will likely remain more or less the same as it is today.
Nvidia (NASDAQ: NVDA) is expected to be a major player in the tech world, but these three companies are predicted to surpass it in market value.
- Apple (NASDAQ: AAPL): Apple is poised to hold its position as the world’s largest company. Despite a slower start in AI, its recent advancements, particularly in edge AI, and a likely new iPhone upgrade cycle driven by AI features, suggest strong growth. Apple’s services business is also expected to continue expanding rapidly.
- Microsoft (NASDAQ: MSFT) Microsoft, bolstered by its relationship with OpenAI, is expected to remain larger than Nvidia. The integration of OpenAI’s technology into Microsoft’s products has driven significant gains. Additionally, Microsoft’s cloud unit is set to benefit from more sources for AI chips, enhancing profitability and market cap.
- Alphabet (NASDAQ: GOOG, GOOGL) Alphabet is anticipated to overtake Nvidia due to its advancements in AI through Google DeepMind, which competes closely with OpenAI. Alphabet’s Google Cloud and Waymo self-driving car units are expected to drive significant growth. Additionally, potential breakthroughs in quantum computing could further solidify Alphabet’s position.
While Nvidia remains a strong contender, these companies’ diverse technological advancements and strategic partnerships suggest they will lead the market by 2034. However, Nvidia’s ability to out-innovate competitors could still make it a formidable player.