Will ASML Be a Trillion-Dollar Stock by 2030?
The trillion-dollar market cap milestone has become the modern barometer for judging whether a stock is a mega-cap company. Maybe we are collectively focused too much on round numbers, but it is undoubtedly an impressive feat when a company has a market value with four commas in it. There are currently seven non-state-owned companies with a market cap above $1 trillion, and two that have surpassed the market before but have since fallen under the threshold. It is still a rarified club looking for its 10th member.
Many investors focus on companies that have already surpassed the trillion-dollar milestone. But smart investors know the past doesn't deliver you stock returns. It is the future that matters. Finding the next stock to hit a market cap of $1 trillion could deliver strong returns for your portfolio. I think semiconductor equipment company ASML (NASDAQ: ASML) is a prime candidate, with a market cap of $285 billion today. It is currently the 31st largest company in the world by market cap, but growing quickly with massive industry tailwinds at its back.
Will the stock surpass a market cap of $1 trillion by 2030? Let's dig into the numbers and find out.
Source Fool.com
