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Palantir Technologies (NASDAQ: PLTR) and Apple (NASDAQ: AAPL) currently have a combined market cap of over $4.3 trillion. However, both companies are expected to face significant challenges in increasing their valuations over the next five years. Apple’s market growth is restricted due to the saturation of the smartphone market, which has a projected annual growth rate of just 3.9%.
Meanwhile, Palantir’s high valuation may also hinder its stock performance. As a result, analysts suggest that Amazon (NASDAQ: AMZN), with its current market cap of $2.35 trillion, has the potential to surpass both companies by capitalizing on growth in the e-commerce and cloud computing markets. Notably, Amazon’s AWS segment recorded a 25% year-over-year increase in revenue, reaching $195 billion in Q2, indicating significant growth opportunities ahead.
Projected earnings for Amazon could rise significantly, with estimates suggesting a share price of $457 by 2030, potentially leading to a market cap of $5 trillion, which would surpass that of Apple and Palantir.
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