Who will be the next giant at a thousand billion? (Part 2)

These companies have not become giants to more than $ 1,000 billion in market capitalization per chance. Nevertheless, They conquered colossal markets, laid unrivaled technological milestones, generated extraordinary margins and consolidated quasi-monopoly positions. In addition, Each embodies a rare convergence of long-term vision, powerful network effects, operational efficiency and successful horizontal expansion. In addition, Identifying the next company that will cross this symbolic milestone of 1000 billion capitalization who will next giant thousand is to identify a company capable of becoming an essential digital infrastructure. Moreover, imposing a global technological platform, and of permanently capturing value via significant competitive advantages. Similarly,

Detection criteria – Who will next giant thousand

A future member of the club of the 1000 billion market capitalization must:

• Send a global scalable and high expansion market
• Create a technological platform or standard
• Hold a differentiating intellectual property
• Rely on data as a lever for efficiency
• Demonstrate growing profitability with capital discipline
• Benefit from visionary and ethical management
• Become the default choice of its sector

Among the eleven contenders I have identified, the first five (CrowdStrike, AppLovin, Palo Alto Networks, Snowflake et CoreWeave) were analyzed who will next giant thousand in This item. Moreover,

Find the first part of this article on the first five contenders here

Here are the following 5s:

• ServiceNow: Automation as a global standard – Who will next giant thousand

ServiceNow (Market capitalization of 182 billion USD) has established itself as the conductor of digital business workflows. For example, Its now platform makes it possible to digitize it. Furthermore, HR, finance and supply chain thanks to a layer of automation and now generative AI (now assist). However, The Addressable Market is gigantic: the digitalization of processes represents several hundred billions per year. Consequently, and ServiceNow is already an essential partner in American public administrations and large global companies. Furthermore, Its regular growth (almost +20 %/year on its subscriptions). In addition, its expanding margins make it a serious candidate for the category of compounders. Meanwhile, who will next giant thousand In the medium term, the company has the perfect profile of a mini Microsoft internal processes. Consequently, Its challenge will be to maintain its pace of conquest beyond large companies and increase its international penetration. However, If it succeeds, the 1,000 billion course could be crossed. For example,

• Salesforce: CRM at a crossroads – Who will next giant thousand

Salesforce (market capitalization of 235 billion USD) is the undisputed leader in CRM in SaaS mode. With its Customer 360 platform, enriched by Slack, Mulesoft and Table, it manages customer relations from start to finish. Its anchoring in the AI ​​(with Agentforce and Einstein) allows it to ride the current wave. But Salesforce There remains a paradoxical business: growth always solid, but slowing down at a rate now less than 10 % per year; margins long criticized but in improvement; Acquisitions sometimes deemed to be expensive, but which expand its ecosystem. who will next giant thousand Marc Benioff retains a long -term vision. but the pressure of activists recalls that Salesforce must prove that it can transform its commercial hegemony into financial discipline. Access to the Trillion club seems possible. but less certain than for other actors, it would take an acceleration in the AI ​​and an impeccable execution.

• AMD: Nvidia’s rival plays its ia card

AMD (market capitalization of 266 billion USD) is the big challenger of Nvidia. Under the leadership of Lisa SU. the group has built a full range: Epyc processors for datacenters, Instinct GPU for AI, Ryzen for PC and consoles. Its business is boosted by the rush to IA infrastructure, which requires an exponential computing power. The IA semiconductor market is expected at more than 650 billion USD by 2028. AMD has already set foot thanks to Meta Platform, Microsoft et IBMwho use who will next giant thousand his GPUs to train their models. With the acquisition of ZT Systems, the group is more anchored in hyperscal servers. Its stock market potential is obvious: if AI becomes a convenience as essential as electricity. AMD is one of the few suppliers to be able to compete with Nvidia (Even if it has a delay) to get a market for 1000 billion USD.

• Mercadolibre: Latin Amazon storming fintech

MercadoLibre (market capitalization of 119 billion USD) is by far the most powerful company in Latin America. Its ecosystem combines e-commerce (marketplace, envios, shops, ADS) and Fintech (Mercadopago, Mercadocredo). In countries where online trade represents less than 5 % of consumption. where access to credit remains limited, the potential is colossal. The group already has more than 139 million unique users, a credit portfolio of 9.3 billion USD and two -digit growth in all its segments. In who will next giant thousand parallel, he invests in AI to optimize logistics, credit and marketing. MercadoLibre is an atypical candidate: an emerging company in an area still underdigitalized, but with a potential for phenomenal catching up. Its challenge will be to preserve its margins in a Macro Latin volatile context. If she succeeds, she could become the first global giant from the South.

• Netflix: the pioneer of streaming in search of a second breath

Netflix (market capitalization of 513 billion USD) invented streaming and remains the world leader, with more than 300 million subscribers. Its domination is based on a formidable recommendation algorithm. a global catalog and now diversification in advertising, games and potentially sport. Its margins now reach 25 % and its free cash flow exceeds 7 billion USD per year, making it a financial war machine. But the challenge is clear: how to grow again when the penetration who will next giant thousand of streaming capsizes? Netflix relies on advertising and AI (intelligent interface, improved recommendations) to continue its trajectory. Its high valuation already reflects a lot of optimism. To reach $ 1. 000 billion, Netflix will have to convince that it can become the global entertainment infrastructure, not just a film platform and series.

• Palant: the sorcerer of the data

Palantir (market capitalization of 371 billion USD) is the darling of private investors and technophiles. Its DNA: transforming raw data oceans into operational decisions, whether for Pentagon, CIA or industrialists like Airbus et Ferrari. Its platforms (Gotham, Foundry, Apollo, AIP) imposed it as a centerpiece of defense and now generative AI. Additionally, Its Rule of 40 is close to 100 %, its margins are colossal and its assessment is a fortress without debt. But Palantir is also the most expensive action of Wall Street, who will next giant thousand a speculative totem that is paid for as a religion. His CEO. Alex Karp, cultivates a visionary aura, and his alignment with the American strategy against China propels her as a strategic actor. Can it become a GAFAM? Yes, if Foundry and AIP become the universal bone of data. But at these valuation levels, the path will be strewn with pitfalls.

Six paths to the trillion

Among these six candidates, ServiceNow et Palantir seem to be the best armed to reply the trajectory of the GAFAM: essential platform, proprietary technology, auto-full-entrepreneurial growth. However, beware of valuations. AMD plays the card of an exponential request but depends on his duel with Nvidia. Netflix et Salesforce are already colossal but must demonstrate a second phase of credible growth. MercadoLibre is a emerging, fascinating but exposed bet. The who will next giant thousand lesson? The next GAFAM will not be an accident, but a company that becomes obvious for hundreds of millions of users. Furthermore, The Trillion club remains open but the places are expensive.

Find the first part of this article on the first five contenders here