Benefiting from the global AI frenzy and expectations of interest rate cuts, technology giants around the world have seen a soaring rise in their share prices this year. The "earnings effect" has gone crazy.

On Wednesday, e-commerce and cloud computing giants.$Amazon (AMZN.US)$Soaring nearly 4%, the stock price has reached a record high and the market cap has surpassed $2 trillion, officially becoming another fierce general of the US stock market's "$2 trillion club".

So far, there are a total of 6 US companies with a market cap of over one trillion dollars.$Microsoft (MSFT.US)$, $Apple (AAPL.US)$ and $NVIDIA (NVDA.US)$Their market cap currently exceeds 3 trillion US dollars.$Alphabet-A (GOOGL.US)$, $Amazon (AMZN.US)$Market cap has also exceeded 2 trillion.$Meta Platforms (META.US)$Steady and steady, market cap consistently remains above one trillion US dollars.

According to Futubull's data, the total volume of the six giants has reached 15.34 trillion. What does this mean?

A direct comparison: The market cap of the six giants has surpassed the total market value of the "Japan + Europe" market (13.3 trillion); in addition, it is equivalent to the sum of the GDPs of Germany, Japan, India, and Russia (15.05 trillion), an absolute sense of being "as rich as a country"!

It is worth noting that there are still some companies eager to try at the trillion-dollar market cap threshold -$Taiwan Semiconductor (TSM.US)$This year, it has risen more than 66%, with a market cap of 892.4 billion USD;$Berkshire Hathaway-A (BRK.A.US)$This year, it has risen nearly 14%, with a market cap of 886.6 billion USD;$Eli Lilly and Co (LLY.US)$This year, it has risen more than 43%, with a market cap of 856.5 billion USD.

There is much debate on Wall Street about who will become the next member of the trillion-dollar club.

• Taiwan Semiconductor (TSM)

$Taiwan Semiconductor (TSM.US)$Undoubtedly, it is the company closest to achieving a trillion-dollar market cap at present. If Nvidia's advantage is in seizing the investment opportunities in generative AI and becoming the pioneer in AI layout for major technology giants and sci-tech firms, then TSMC's advantage is even stronger than Nvidia's, as it is not only the foundry for Nvidia's most advanced AI chips, but also Nvidia's competitor.$Advanced Micro Devices (AMD.US)$ and $Intel (INTC.US)$When customers place orders with the three major chip companies, these orders usually fall on TSMC, because TSMC has the most advanced process mass production capacity.

Goldman Sachs, JPMorgan Chase, Citigroup, Morgan Stanley and other Wall Street institutions have all raised their target price for TSMC, believing that the surge in demand for AI-related products and the company's possible price increases in 2025 will boost TSMC's profits.

• Berkshire Hathaway

The stock god's$Berkshire Hathaway-A (BRK.A.US)$Once again, Berkshire Hathaway has delivered a bullish financial report for Q1 - revenue and net income both exceeded expectations and cash reserves hit a new all-time high! Q1 revenue was $89.869 billion, up 5.24% year-on-year, and net income was $12.702 billion, while the market expected $9.892 billion. Q1 cash reserves reached $189 billion, a new historical high.

Under Buffett's leadership, Berkshire Hathaway has been strong, outperforming the business cycle and becoming a legend in investment history. With a market cap surpassing $1 trillion, it may only be a matter of time.

• Tesla

According to US investment bank Wedbush,$Tesla (TSLA.US)$The market will pay more attention to the unveiling of the robot taxi service on August 8th by Musk, which could be a "key historical moment" and a huge catalyst for the rise of Tesla's stock price. Musk previously stated that Tesla's automatic driving is much safer than human driving. Tesla Robotaxi will be similar to a combination of Airbnb and Uber. When you are not using it, your car can join the autonomous driving fleet with just one click to earn money for you, and Tesla will extract a small portion of the fee.

Tesla's market capitalization reached its peak of $1.24 trillion in early January 2022 but has since experienced a significant decline. Wedbush reiterated its "outperformed the large cap" rating and target price of $275 for Tesla, meaning there is still 50% upside potential for Tesla's stock price. The bank's analysts said that this is mainly due to Tesla shareholders recently approving Elon Musk's $56 billion compensation plan, which opens the door for Musk to invest in the company's AI and robot projects once again. The market will pay more attention to the unveiling of the robot taxi service on August 8th by Musk, which could be a "key historical moment" and a huge catalyst for the rise of Tesla's stock price.

• Broadcom

chips manufacturer$Broadcom (AVGO.US)$also performed extremely well this year, rising more than 43% YoY. Bank of America recently highly recommended Broadcom, saying that it, like Nvidia, is an AI first choice and is expected to become the next member of the trillion-dollar market cap club.

Bank of America's report raised Broadcom's target stock price by 19% to $2,000, saying that Broadcom's EPS growth has exceeded double digits, and it has the best profitability, free cash flow generation, and ROI in the semiconductor industry, with high-quality products in the smartphone, cloud data center, telecommunications, and enterprise storage markets.

Moores, let's go!

Do you think the rise of technology giants in the US stock market will continue?

Who do you think will be the next member of the trillion dollar club?

Let's discuss in the comments section!

Editor/Emily