Tech Giants Dominate Market Cap

This is a news story, published by MSN, that relates primarily to Meta news.

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The Motley Fool

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Meet the Unstoppable Growth Stock That Could Join Apple, Nvidia, and Microsoft in the $3 Trillion Club by 2030.

Summary

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81% Informative

Meta Platforms (NASDAQ: META ) has a market cap of $1.4 trillion .

The company's social media platform, ongoing strength in digital advertising, and brilliant strategy for leveraging artificial intelligence ( AI ) should combine to help Meta take its place in the $3 trillion club.

As one of the biggest players in the adtech industry, Meta will benefit from the ongoing rebound.

Meta Platforms is expected to generate revenue of $161.9 billion in 2024 , giving the stock a forward price-to-sales ratio of 9.9 .

Wall Street is currently forecasting growth of nearly 14% annually over the coming five years for Meta .

If the company achieves that target, it could achieve a $3 trillion market cap as soon as 2030 .

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formal

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English

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