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3 companies with the potential to be worth $1 trillion by 2030

David Boulder
6. 5. 2024
4 min read

Today, we'll focus on companies that are on their way to achieving market capitalizations in excess of $1 trillion. While they remain stable, these are companies that focus on key areas of the modern age - from digital services to semiconductors to medical products.

Their significant growth in sales and profits, investment in research and development, and continued innovation in their fields suggest that these companies are not only shaping the future of their industries, but also have the potential to go beyond what was previously considered financially impossible.

Tencent $NNND.F-1.3%

Tencent, with a market capitalization of around 436 billion USD, is one of the technology giants with enormous influence on a global scale. In 2023, the company reported revenues of USD 85.9 billion, an increase of more than 4% year-on-year. With its popular platforms such as WeChat and QQ, which together have more than 1.2 billion active users, Tencent maintains its dominance in the digital services industry.

Investing in diverse sectors, from gaming to cloud technology, is a key strategy for Tencent to sustain its growth. In 2023, the company invested more than $8.9 billion in research and development, up 4% from the previous year. This investment has helped Tencent expand its portfolio of products and services, increasing its competitiveness in the International market.

NNND.F
€47.01 -€0.60 -1.25%

Tencent's recent financial results indicate continued strong growth. In the last quarter of 2023, the company reported EBITDU of $7.4 billion, up 20% compared to the final quarter of the previous year. This financial success demonstrates how effectively Tencent is implementing its strategies and responding to dynamic changes.

Broadcom $AVGO-1.2%

As a leading player in the semiconductors and technology innovation, Broadcom holds a market capitalization in excess of 600 billion USD 600. In 2023, the company achieved total revenues of $35.8 billion, an increase of 7.8% over the previous year. The revenue growth was mainly driven by the widespread demand for their semiconductor products, which are essential for various industries including telecommunications, data centers and automotive industry.

AVGO

Broadcom

AVGO
$1,395.29 -$16.84 -1.19%
Fair Price: $392.03
Grxxmpql: 18.03%
Undervalued
Overvalued
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Investment in research and development plays a key role in Broadcom's strategy. In 2023, the company invested $5.3 billion in research and development. This high level of investment enables Broadcom to continuously innovate and maintain technological leadership in areas such as AI and "high-performance computing", strengthening its position.

AVGO

Broadcom

AVGO
$1,395.29 -$16.84 -1.19%

With increasing R&D investments and strategic acquisitions, Broadcom has the potential to double its market value, especially with the expansion of 5G and smart technologies. One of Broadcom's biggest achievements has been the launch of the next generation Wi-Fi chips, which provide up to four times the speed and capacity of previous models. This technological innovation came at an opportune time when the world saw a huge increase in the use of home and commercial networks during the pandemic COVID-19. As a result, Broadcom was able to see significant revenue growth in the wireless communications segment.

Novo Nordisk $NVO-0.9%

Novo Nordisk, a Danish Pharmaceutical company, has established a significant position in the medical products business, particularly in the areas of diabetes and obesity. The company's current market capitalization is around 555 billion USD 555 MILLION. In 2023, the company recorded revenues of USD 33.7 billion, an increase of 34% from the previous year. This growth confirms its ability to respond effectively to the dynamically evolving needs in the healthcare industry. Novo Nordisk is known for its products such as insulin therapies and the newer weight loss drugsthat have a significant impact on the lives of patients around the world.

NVO
$131.89 -$1.15 -0.86%
Fair Price: $30.97
Ubyjrqfz: 66.49%
Undervalued
Overvalued
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Investment in research and development is a cornerstone of the company's success, with annual revenues exceeding 2 billion dollars. These investments enable the company to continually develop new products and improve existing treatment regimens. For example, their latest innovation in the treatment of obesity, the drug semaglutide, marketed under brand names such as Wegovy and Ozempic, has seen rapid growth in demand, demonstrating their ability to respond to market needs and improve patient health outcomes. The company also reported a 54% increase in net profit to USD 12.1 billion in 2023.

NVO
$131.89 -$1.15 -0.86%

With its strong focus on chronic diseases, Novo Nordisk not only improves quality of life for patients, but also strengthens its position as a leader in endocrinology. This financial and therapeutic success therefore provides a solid foundation for its continued expansion and innovation in the years to come.

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