Nvidia will win the race to a $4 trillion market cap—but the long-term big tech battle might be different, experts say

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“I think, a year from now, we [will] have three $4 trillion market cap companies: Nvidia, Apple, Microsoft,” Wedbush tech analyst Dan Ives told Fortune.

are driving the United States’ big tech giants toward a milestone that would have seemed impossible just a few decades ago.

There are, of course, a wide range of views on where big tech companies are headed, but many experts are convinced that chip giant Nvidia will be the first to reach the $4 trillion market cap mark, driven by the seemingly unending thirst for its AI-enabling hardware.“The first one to get there is likely to be the godfather of AI Jensen and Nvidia, because they’re the only game in town—their GPUs are the new oil or gold in the tech world with no real competition,” Ives said.

He said Nvidia may briefly touch the $4 trillion milestone first, due to what he called the current AI “mania,” but Microsoft will be the “more sustainable” $4 trillion company. Louis Navellier was also optimistic about Apple’s future, but he said it will need a few “little breakthroughs” to get more customers to buy new iPhones.

To be sure, every tech giant on this list also faces risks. Antitrust regulations, cyber attacks, a slowing economy, and a reduction in AI spending should all be considered. But for now, the bulls remain bullish–and they think you should be too.

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