Could This Be the Next Stock to Join the Likes of Nvidia, Alphabet, and Amazon in the $1 Trillion Club?

The U.S. economy has a history of producing the world's most valuable companies. United States Steel became the first $1 billion enterprise on the planet in 1901, and 117 years later, in 2018, iPhone maker Apple became the first to cross the $1 trillion milestone.Eight other U.S. companies have since joined Apple in the trillion-dollar club, including Nvidia, Alphabet, Amazon, and Tesla. It looked as though Oracle (NYSE: ORCL) was set to join them back in September as its market capitalization peaked at $940 billion, but following a 41% decline in its stock price since then, the company is now valued at just $550 billion.Recent stock price performance aside, artificial intelligence (AI) developers are lining up to rent access to Oracle's data center infrastructure, which is fueling a surge in the company's revenues. Could it be only a matter of time before this tech titan charts a path back toward $1 trillion?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool