Amazon and Alphabet Poised to Reach $3 Trillion Valuations by 2029

Nvidia, currently valued at $2.9 trillion, is close to achieving a $3 trillion market capitalization, a feat only achieved by Apple and Microsoft. Amazon and Alphabet, currently valued at $1.9 trillion and $2 trillion respectively, could reach the $3 trillion mark by 2029, yielding annual returns of 10.7% and 9.4% respectively for their shareholders.

Amazon`s potential growth is fueled by its dominance in e-commerce, digital advertising, and cloud computing through its platforms like Amazon.com and Amazon Web Services (AWS). The company is poised to benefit from the rising trends in online retail, retail media advertising, and cloud services.

Similarly, Alphabet, with its vast market capitalization, could achieve the $3 trillion valuation by 2029. The text doesn`t delve into the specifics of Alphabet`s potential growth drivers.