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Key Financial Updates on Trillion-Dollar Companies
As of October 10, 2023, only 10 out of over 5,500 publicly traded companies in the U.S. have surpassed a market capitalization of $1 trillion. This group includes Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta Platforms, Tesla, Broadcom, Taiwan Semiconductor Manufacturing, and Berkshire Hathaway.
Analyst C.J. Muse from Cantor Fitzgerald raised Nvidia’s price target to $300 per share, indicating a potential 64% increase and projecting a market cap of $7.3 trillion. Conversely, analyst Gordon Johnson from GLJ Research maintains a bearish outlook on Tesla, setting a price target of $19.05 per share due to concerns over its high valuation, which is currently at 242 times forecasted earnings per share.
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